Proficio Capital Partners LLC Makes New Investment in Carter Bankshares, Inc. (NASDAQ:CARE)

Proficio Capital Partners LLC acquired a new position in Carter Bankshares, Inc. (NASDAQ:CARE - Free Report) in the 4th quarter, according to the company in its most recent 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 approximately 0.08% of Carter Bankshares as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC raised its position in shares of Carter Bankshares by 256.8% in the 3rd quarter. Barclays PLC now owns 29,813 shares of the company's stock valued at $519,000 after buying an additional 21,457 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Carter Bankshares by 195.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,879 shares of the company's stock valued at $1,076,000 after buying an additional 40,962 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Carter Bankshares by 3.6% in 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 in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Carter Bankshares in the 4th quarter valued at approximately $635,000. Finally, Empowered Funds LLC increased its position in Carter Bankshares by 5.1% during the 4th quarter. Empowered Funds LLC now owns 84,568 shares of the company's stock worth $1,488,000 after purchasing an additional 4,093 shares in the last quarter. Institutional investors and hedge funds own 41.48% of the company's stock.

Carter Bankshares Price Performance

CARE stock opened at $15.90 on Wednesday. The company has a 50 day simple moving average of $17.34 and a 200 day simple moving average of $17.81. The stock has a market cap of $366.84 million, a price-to-earnings ratio of 15.00 and a beta of 0.95. Carter Bankshares, Inc. has a 1 year low of $10.95 and a 1 year high of $20.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89.

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Carter Bankshares (NASDAQ:CARE - Get Free Report) last posted its earnings results on Thursday, January 23rd. The company reported $0.37 earnings per share for the quarter, topping 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%. Research analysts anticipate that Carter Bankshares, Inc. will post 1.26 EPS for the current fiscal year.

Carter Bankshares Company 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.

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