Form 4: Carter Bankshares Director Sells Over 4,500 Shares of Common Stock

Kevin S. Bloomfield, a Director at Carter Bankshares, Inc., has reported the sale of 4,509 shares of the company's common stock for approximately $75,470.

Summary

• Kevin S. Bloomfield, a Director of Carter Bankshares, Inc. (CARE), disposed of 4,509 shares of common stock.
• The transaction occurred on June 11, 2025, at a price of $16.7149 per share.
• Following this transaction, Mr. Bloomfield directly beneficially owns 18,047 shares of Carter Bankshares common stock.
• The sale was made directly by the reporting person.

Sentiment

Score: 3

Explanation: The sentiment is slightly negative due to a director selling a notable number of shares, which can be perceived as a lack of confidence or a move to realize gains, potentially impacting investor sentiment negatively.

Negatives

• A director's sale of shares can be perceived negatively by the market, potentially signaling a lack of confidence or a personal liquidity event rather than a positive outlook for the company's stock.

Future Outlook

NA

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends for the banking sector.

Stakeholder Impact

• Shareholders: Insider selling can influence market perception and potentially lead to a decrease in share price due to concerns about management's confidence in the company's future prospects.

Key Dates

Recommendation

Keywords

Carter Bankshares, CARE, Form 4, insider trading, director sale, common stock, beneficial ownership, stock disposition