Carter Bankshares president Langs sells $86,339 in company stock By Investing.com

Bradford N. Langs, President and Chief Strategy Officer of Carter Bankshares, Inc. (), sold shares of the company’s common stock on July 30, 2026. The transaction involved 2,500 shares, for a total value of $86,339. The shares were sold at a price of $34.5358 each. The sale comes as the stock trades near its 52-week high of $35.14, following a remarkable 99% return over the past year. According to InvestingPro analysis, the stock remains undervalued despite this strong performance, appearing on the platform’s Most Undervalued list.

Following this sale, Mr. Langs directly owns 33,242 shares of Carter Bankshares common stock. InvestingPro subscribers have access to 11 additional exclusive tips about CARE, plus a comprehensive Pro Research Report that transforms complex financial data into actionable intelligence.

In other recent news, Carter Bank & Trust’s financial activities have attracted attention with significant developments. The bank recently sold non-performing loans tied to a single borrower, amounting to $289.5 million, to an unaffiliated third party, resulting in a total gain of $80 million. Following this transaction, Freedom Broker downgraded Carter Bank & Trust from a buy to a hold rating, although it raised the price target to $27 from $25. Raymond James also downgraded the bank’s stock to Market Perform from Outperform. This downgrade came after the stock experienced a 73% year-to-date gain, which narrowed its valuation gap with peer banks. Carter Bank & Trust now trades at 1.5 times its tangible book value, compared to 1.6 times for its peers. These recent developments have influenced analysts’ perspectives on the bank’s stock performance.

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