Kingsview Wealth Management LLC bought a new stake in Carter Bankshares, Inc. (NASDAQ:CARE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 36,099 shares of the company's stock, valued at approximately $635,000. Kingsview Wealth Management LLC owned approximately 0.16% of Carter Bankshares as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Carter Bankshares by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 523,591 shares of the company's stock valued at $9,107,000 after buying an additional 18,109 shares during the last quarter. State Street Corp grew its position in shares of Carter Bankshares by 4.1% during the 3rd quarter. State Street Corp now owns 496,603 shares of the company's stock valued at $8,636,000 after buying an additional 19,751 shares during the last quarter. Fourthstone LLC grew its position in shares of Carter Bankshares by 205.3% during the 3rd quarter. Fourthstone LLC now owns 274,481 shares of the company's stock valued at $4,773,000 after buying an additional 184,565 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Carter Bankshares during the 3rd quarter valued at about $2,766,000. Finally, Empowered Funds LLC grew its position in shares of Carter Bankshares by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 80,475 shares of the company's stock valued at $1,399,000 after buying an additional 4,020 shares during the last quarter. Institutional investors and hedge funds own 41.48% of the company's stock.
Carter Bankshares Stock Performance
Shares of NASDAQ:CARE traded up $0.10 during trading on Friday, reaching $17.99. 57,502 shares of the company's stock traded hands, compared to its average volume of 66,294. 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, Inc. has a 12 month low of $10.95 and a 12 month high of $20.40. The company has a 50 day moving average of $17.70 and a 200-day moving average of $17.67. The stock has a market capitalization of $415.03 million, a P/E ratio of 16.97 and a beta of 0.98.
Carter Bankshares (NASDAQ:CARE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts expect that Carter Bankshares, Inc. will post 1.26 EPS for the current year.
Carter Bankshares Company Profile
(
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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