Carter Bankshares Inc (NASDAQ: CARE) has reported E.P.S. of $0.24 for its third fiscal quarter (ending September 30) versus $0.16 for the same period a year ago — an increase of 50%. For the latest four quarters through September 30, E.P.S. were $0.62 compared to $1.72 a year ago — a decline of -64%.
Recent Price Action
Carter Bankshares Inc (NASDAQ: CARE) stock declined modestly by -1.6% on 10/24/24. The stock closed at $18.29. However, this decline was accompanied by below average trading volume at 68% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CARE is expected to be Value Creation neutral.
Carter Bankshares has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Carter Bankshares has a good Appreciation Score of 75 and a very high Power Rating of 97, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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