Carter Bankshares (CARE) Soars 5.2%: Is Further Upside Left in the Stock?

With the Federal Reserve expected to cut interest rates once later this year, banking companies are in the spotlight. Hence, Carter Bankshares is likely to see an increase in demand for loans from its portfolio companies and new entities as they realize higher rates are here to stay for longer. Thus, this drove the CARE stock higher. For Carter Bankshares, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the ab ...