Partners in Financial Planning Buys New Position in Carter Bankshares, Inc. (NASDAQ:CARE)

Partners in Financial Planning purchased a new position in shares of Carter Bankshares, Inc. (NASDAQ:CARE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,547 shares of the company’s stock, valued at approximately $256,000. Partners in Financial Planning owned about 0.06% of Carter Bankshares at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC purchased a new position in shares of Carter Bankshares during the fourth quarter valued at approximately $77,000. SG Americas Securities LLC raised its holdings in 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 last quarter. Prudential Financial Inc. purchased a new position in shares of Carter Bankshares during the 4th quarter worth $227,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Carter Bankshares during the third quarter worth $279,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Carter Bankshares in the fourth quarter valued at $335,000. 41.48% of the stock is currently owned by hedge funds and other institutional investors.

Carter Bankshares Stock Performance

NASDAQ CARE opened at $16.32 on Monday. The business’s 50-day moving average price is $17.20 and its 200 day moving average price is $17.77. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. Carter Bankshares, Inc. has a twelve month low of $10.95 and a twelve month high of $20.40. The company has a market capitalization of $377.50 million, a PE ratio of 15.40 and a beta of 0.95.

Carter Bankshares (NASDAQ:CARE) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.37 EPS 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, research analysts predict that Carter Bankshares, Inc. will post 1.26 earnings per share for the current 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.