Contrasting Carter Bankshares (NASDAQ:CARE) and Bank First (NASDAQ:BFC)

Carter Bankshares (NASDAQ: BEWAREget rating) and First Bank (NASDAQ: BFCget rating) are both small-cap finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their earnings, analyst recommendations, dividends, institutional ownership, valuation, risk and return.

Volatility and risk

Carter Bankshares has a beta of 1.16, which suggests that its share price is 16% more volatile than the S&P 500. Comparatively, Bank First has a beta of 0.36, which suggests that its share price is stock is 64% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent recommendations and price targets for Carter Bankshares and Bank First, provided by

sales ratings retention ratings Buy grades Strong purchase ratings Rating Score
Carter’s Bank Stock 0 3 0 0 2.00
bank first 0 0 one 0 3.00

Carter Bankshares currently has a consensus price target of $14.50, indicating a potential drop of 11.37%. Bank First has a consensus price target of $84.00, indicating 18.81% upside potential. Given Bank First’s stronger consensus rating and higher likely upside potential, analysts clearly believe Bank First is more favorable than Carter Bankshares.

Institutional and internal property

35.3% of Carter Bankshares shares are held by institutional investors. Comparatively, 26.1% of Bank First shares are held by institutional investors. 3.0% of Carter Bankshares shares are held by insiders. Comparatively, 7.6% of Bank First shares are held by insiders. Strong institutional ownership is an indication that large fund managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Cost effectiveness

This table compares the net margins, return on equity, and return on assets of Carter Bankshares and Bank First.

net margins Return on equity Return on assets
Carter’s Bank Stock 19.85% 7.78% 0.76%
bank first 36.55% 13.94% 1.54%

Earnings and Valuation

This table compares top line revenue, earnings per share and valuation of Carter Bankshares and Bank First.

Gross income Price/Sales Ratio Net income earnings per share Rate of earnings on price
Carter’s Bank Stock $162.78 million 2.55 $31.46 million $1.20 13.63
bank first $121.90 million 4.40 $45.44 million $5.76 12.27

Bank First has lower revenues but higher profits than Carter Bankshares. Bank First trades at a lower price-earnings ratio than Carter Bankshares, indicating that it is currently the more affordable of the two stocks.


Bank First outperforms Carter Bankshares in 10 of 14 factors compared between the two stocks.

About Carter Bankshares (get rating)

Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust which offers various banking products and services. Accepts a variety of deposit products, including checking, savings, retirement and money market accounts, as well as longer-term certificates of deposit. The company also offers business loans comprising secured and unsecured loans; consumer loans, such as secured and unsecured loans to finance automobiles, home improvements, education, overdraft protection, and personal investments, as well as residential mortgages; loans for the construction and acquisition of real estate; home equity lines of credit; and credit cards, as well as originating and maintaining mortgage loans at fixed and variable rates. In addition, it provides other banking services including safe deposit boxes, direct deposit of payroll and social security checks, online banking, bill payment, online account opening, mobile deposit, mobile banking, debit cards, account statements electronic and ATM services; title insurance and other products and services related to financial institutions; and corporate cash and treasury management services. It operates through 69 branches in Virginia and North Carolina. Carter Bankshares, Inc. was founded in 1974 and is headquartered in Martinsville, Virginia.

About Bank First (get rating)

Bank First LogoBank First Corporation operates as a holding company of Bank First NA providing business and consumer financial services to businesses, professionals, consumers, associations, individuals and government authorities in Wisconsin. The company offers checking, savings, money market, cash management, retirement and health accounts; other term deposits; Deposit certificates; and residential mortgage products. It also offers credit cards; ATM processing; sure; data processing and other information technologies; investment and custody; Treasury administration; and online, telephone and mobile banking services. The company’s loan products include real estate loans, including commercial real estate, residential mortgages and home equity loans; commercial and industrial loans for working capital, accounts receivable, inventory financing, and other business purposes; construction and development loans; residential loans from 1 to 4 families; and consumer loans for personal and household purposes, including secured and unsecured installment loans and revolving lines of credit. It operates through 21 offices in Manitowoc, Outagamie, Brown, Winnebago, Sheboygan, Waupaca, Ozaukee, Monroe and Jefferson counties in Wisconsin. The company was previously known as Bank First National Corporation and changed its name to Bank First Corporation in June 2019. Bank First Corporation was founded in 1894 and is headquartered in Manitowoc, Wisconsin.

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