Durable Goods (Jun F) -9.4% vs 9.3% Prior, Ex-Trans 0.2% vs 0.2%
Kevin S. Bloomfield, a director at Carter Bankshares, Inc. (NASDAQ:CARE), recently sold 1,000 shares of the company’s common stock. The transaction, which took place on June 9, 2025, was executed at an average price of $16.5211 per share, totaling $16,521. Following this sale, Bloomfield holds 22,556 shares in the company. The sale comes as the stock trades at a P/E ratio of 13.15, with the share price showing a strong 35% return over the past year. According to InvestingPro analysis, analysts have set price targets between $21-22, suggesting potential upside from current levels. InvestingPro subscribers can access 6 additional key insights and a comprehensive Pro Research Report for deeper analysis of CARE’s financial health and market position.
In other recent news, Carter Bankshares, Inc. announced the results of its 2025 Annual Meeting of Shareholders, where 11 directors were elected, and key proposals were approved, including the ratification of Crowe LLP as independent auditors for the fiscal year ending December 31, 2025. The company also introduced a new $20 million share repurchase program, which will remain active until May 14, 2026, allowing the bank to buy back its common stock through open market transactions or privately negotiated deals. This initiative provides flexibility in capital allocation and reflects Carter Bankshares’ financial strategies. Additionally, the company disclosed that board member E. Warren Matthews will retire, reducing the board size from 12 to 11 members. Mr. Matthews’ retirement is not due to any disagreements with the company. These developments were detailed in recent SEC filings.
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