Proficio Capital Partners LLC acquired a new position in shares of Carter Bankshares, Inc. (NASDAQ:CARE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,068 shares of the company's stock, valued at approximately $335,000. Proficio Capital Partners LLC owned 0.08% of Carter Bankshares as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Global Retirement Partners LLC bought a new position in Carter Bankshares during the fourth quarter valued at about $77,000. SG Americas Securities LLC grew its holdings in shares of Carter Bankshares by 23.6% during the 4th 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Carter Bankshares during the third quarter valued at approximately $279,000. XTX Topco Ltd raised its stake in shares of Carter Bankshares by 42.2% in the third quarter. XTX Topco Ltd now owns 22,499 shares of the company's stock valued at $391,000 after purchasing an additional 6,676 shares in the last quarter. Finally, Barclays PLC lifted 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 during the period. Institutional investors and hedge funds own 41.48% of the company's stock.
Carter Bankshares Stock Performance
Carter Bankshares stock traded down $0.39 on Friday, hitting $16.32. The company's stock had a trading volume of 35,892 shares, compared to its average volume of 74,195. Carter Bankshares, Inc. has a one year low of $10.95 and a one year high of $20.40. The firm has a market cap of $377.50 million, a P/E ratio of 15.40 and a beta of 0.95. 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 company has a fifty day moving average price of $17.20 and a 200-day moving average price of $17.77.
Carter Bankshares (NASDAQ:CARE - Get Free Report) last issued its earnings results on Thursday, January 23rd. The company reported $0.37 earnings per share 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%. On average, equities analysts anticipate that Carter Bankshares, Inc. will post 1.26 earnings per share for the current year.
Carter Bankshares 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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