Carter Bankshares Inc (NASDAQ: CARE) has reported E.P.S. of $0.25 for its first fiscal quarter (ending March 31) versus $0.67 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $0.57 compared to $2.35 a year ago.
Recent Price Action
Carter Bankshares Inc (NASDAQ: CARE) stock closed at $11.71 on 4/25/24 after an increase of 1.5%. Moreover, exceptionally high trading volume at 325% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 6.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Carter Bankshares has a good Appreciation Score of 75 but a neutral Power Rating of 44, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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