Carter Bankshares, Inc. (NASDAQ:CARE) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of Carter Bankshares, Inc. (NASDAQ:CARE - Free Report) by 101.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,453 shares of the company's stock after acquiring an additional 62,574 shares during the quarter. JPMorgan Chase & Co. owned about 0.54% of Carter Bankshares worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CARE. Stifel Financial Corp boosted its stake in shares of Carter Bankshares by 58.9% during the 3rd quarter. Stifel Financial Corp now owns 45,067 shares of the company's stock valued at $784,000 after buying an additional 16,706 shares during the last quarter. State Street Corp increased its position in Carter Bankshares by 4.1% in the 3rd quarter. State Street Corp now owns 496,603 shares of the company's stock worth $8,636,000 after buying an additional 19,751 shares during the period. Barclays PLC raised its position in Carter Bankshares by 256.8% in the third quarter. Barclays PLC now owns 29,813 shares of the company's stock worth $519,000 after purchasing an additional 21,457 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Carter Bankshares by 3.6% during the third quarter. Geode Capital Management LLC now owns 523,591 shares of the company's stock worth $9,107,000 after purchasing an additional 18,109 shares in the last quarter. Finally, SG Americas Securities LLC raised its position 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 acquiring an additional 1,879 shares during the period. 41.48% of the stock is currently owned by hedge funds and other institutional investors.

Carter Bankshares Stock Up 0.2 %

Shares of NASDAQ CARE traded up $0.03 during trading hours on Monday, hitting $15.34. The company had a trading volume of 25,349 shares, compared to its average volume of 66,468. The stock has a market capitalization of $354.83 million, a P/E ratio of 14.47 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 50 day moving average is $15.95 and its 200-day moving average is $17.39. Carter Bankshares, Inc. has a 1-year low of $11.96 and a 1-year high of $20.40.

Carter Bankshares (NASDAQ:CARE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $37.22 million during the quarter, compared to analysts' expectations of $34.90 million. Carter Bankshares had a net margin of 10.09% and a return on equity of 6.50%. On average, analysts expect that Carter Bankshares, Inc. will post 1.26 earnings per share for the current fiscal year.

About Carter Bankshares

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.