Carter Bankshares director Robert Bolton sells $51,900 in shares By Investing.com

Robert M. Bolton, a director at Carter Bankshares, Inc. (), sold shares of the company’s common stock on July 30, 2026.

The transaction involved the sale of 1,500 shares at a price of $34.6 per share, totaling $51,900. The sale came as the stock trades near its 52-week high of $35.14, following a remarkable 99% return over the past year. Following this transaction, Mr. Bolton directly owns 12,629 shares of Carter Bankshares common stock. He also indirectly holds 55,000 shares through Iron Bay Fund (Limited Partner). The company, with a market cap of $765 million and trading at a P/E ratio of 6.01, remains undervalued according to InvestingPro analysis. For deeper insights, investors can access one of 10+ additional InvestingPro Tips and a comprehensive Pro Research Report available for CARE.

In other recent news, Carter Bank & Trust experienced a series of notable developments. The company recorded a significant financial transaction by selling non-performing loans associated with a single borrower for $289.5 million, resulting in a total gain of $80 million. This transaction was followed by a downgrade from Freedom Broker, which lowered the stock rating to hold from buy, although the price target was raised to $27 from $25. Additionally, Raymond James downgraded Carter Bank & Trust to Market Perform from Outperform. This decision came after the stock achieved a 73% year-to-date gain, aligning its valuation more closely with peer banks, trading at 1.5 times tangible book value. These developments reflect recent strategic and financial shifts within Carter Bank & Trust.

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