Carter Bankshares, Inc. (NASDAQ:CARE - Get Free Report) Director Kevin S. Bloomfield sold 1,629 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $16.81, for a total value of $27,383.49. Following the completion of the transaction, the director now directly owns 16,418 shares in the company, valued at approximately $275,986.58. The trade was a 9.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Carter Bankshares Stock Performance
Shares of NASDAQ CARE traded up $0.06 during trading on Monday, reaching $16.30. The stock had a trading volume of 117,263 shares, compared to its average volume of 74,764. Carter Bankshares, Inc. has a one year low of $11.96 and a one year high of $20.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $377.52 million, a PE ratio of 15.38 and a beta of 0.77. The firm's 50 day moving average price is $15.63 and its two-hundred day moving average price is $16.72.
Carter Bankshares (NASDAQ:CARE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. Carter Bankshares had a return on equity of 6.50% and a net margin of 10.09%. The business had revenue of $37.22 million during the quarter, compared to the consensus estimate of $34.90 million. On average, research analysts forecast that Carter Bankshares, Inc. will post 1.26 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Kingsview Wealth Management LLC acquired a new stake in shares of Carter Bankshares in the fourth quarter valued at $635,000. Empowered Funds LLC lifted its holdings in shares of Carter Bankshares by 5.1% during the fourth quarter. Empowered Funds LLC now owns 84,568 shares of the company's stock valued at $1,488,000 after purchasing an additional 4,093 shares during the last quarter. Rhumbline Advisers raised its position in Carter Bankshares by 3.9% during the fourth quarter. Rhumbline Advisers now owns 50,637 shares of the company's stock valued at $891,000 after buying an additional 1,906 shares during the period. Global Retirement Partners LLC acquired a new position in Carter Bankshares during the fourth quarter valued at $77,000. Finally, Proficio Capital Partners LLC acquired a new position in Carter Bankshares in the 4th quarter worth about $335,000. Institutional investors own 41.48% of the company's stock.
Carter Bankshares Company Profile
(
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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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