Kennedy Capital Management LLC Grows Position in Carter Bankshares, Inc. (NASDAQ:CARE)

Kennedy Capital Management LLC grew its stake in shares of Carter Bankshares, Inc. (NASDAQ:CARE - Free Report) by 27.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 324,569 shares of the company's stock after purchasing an additional 70,836 shares during the period. Kennedy Capital Management LLC owned approximately 1.41% of Carter Bankshares worth $5,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CARE. Invesco Ltd. increased its stake in Carter Bankshares by 1.7% in the 4th quarter. Invesco Ltd. now owns 38,142 shares of the company's stock valued at $671,000 after buying an additional 643 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Carter Bankshares by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,616 shares of the company's stock valued at $1,154,000 after acquiring an additional 1,790 shares during the period. SG Americas Securities LLC increased its holdings in shares of Carter Bankshares by 23.6% in the fourth quarter. SG Americas Securities LLC now owns 9,838 shares of the company's stock worth $173,000 after purchasing an additional 1,879 shares during the period. Rhumbline Advisers increased its stake in Carter Bankshares by 3.9% in the 4th quarter. Rhumbline Advisers now owns 50,637 shares of the company's stock worth $891,000 after acquiring an additional 1,906 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Carter Bankshares by 11.3% in the fourth quarter. Wells Fargo & Company MN now owns 28,696 shares of the company's stock valued at $505,000 after purchasing an additional 2,917 shares in the last quarter. Institutional investors own 41.48% of the company's stock.

Carter Bankshares Trading Up 1.4 %

Shares of NASDAQ CARE traded up $0.20 during midday trading on Thursday, reaching $14.88. The company had a trading volume of 22,687 shares, compared to its average volume of 75,631. The stock has a market cap of $344.19 million, a PE ratio of 14.03 and a beta of 0.63. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. The firm's fifty day moving average price is $16.33 and its 200-day moving average price is $17.48. Carter Bankshares, Inc. has a one year low of $10.95 and a one year high of $20.40.

Carter Bankshares (NASDAQ:CARE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. Carter Bankshares had a net margin of 10.09% and a return on equity of 6.50%. On average, equities research analysts anticipate that Carter Bankshares, Inc. will post 1.26 earnings per share for the current year.

Carter Bankshares Profile

Carter Bankshares, Inc operates as the bank holding company for Carter Bank & Trust that provides various banking products and services in the United States. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as certificates of deposits.