Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Carter Bankshares, Inc. (NASDAQ:CARE - Free Report) by 170.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,418 shares of the company's stock after acquiring an additional 27,390 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.19% of Carter Bankshares worth $764,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in Carter Bankshares in the fourth quarter valued at approximately $77,000. SG Americas Securities LLC boosted its holdings in shares of Carter Bankshares by 23.6% in the 4th quarter. SG Americas Securities LLC now owns 9,838 shares of the company's stock valued at $173,000 after buying an additional 1,879 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Carter Bankshares in the fourth quarter valued at $335,000. XTX Topco Ltd increased its holdings in Carter Bankshares by 42.2% during the third quarter. XTX Topco Ltd now owns 22,499 shares of the company's stock worth $391,000 after buying an additional 6,676 shares during the last quarter. Finally, Barclays PLC raised its position in Carter Bankshares by 256.8% during the third quarter. Barclays PLC now owns 29,813 shares of the company's stock worth $519,000 after acquiring an additional 21,457 shares in the last quarter. Institutional investors and hedge funds own 41.48% of the company's stock.
Carter Bankshares Stock Performance
CARE stock traded down $0.25 during trading hours on Tuesday, reaching $16.64. The stock had a trading volume of 50,167 shares, compared to its average volume of 72,500. The stock has a 50-day simple moving average of $17.26 and a 200 day simple moving average of $17.78. Carter Bankshares, Inc. has a fifty-two week low of $10.95 and a fifty-two week high of $20.40. The stock has a market capitalization of $384.90 million, a PE ratio of 15.70 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89.
Carter Bankshares (NASDAQ:CARE - Get Free Report) last issued its earnings results on Thursday, January 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Carter Bankshares, Inc. will post 1.26 EPS for the current fiscal year.
About Carter Bankshares
(
Free Report)
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.
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