Dimensional Fund Advisors LP Purchases 51,987 Shares of Carter Bankshares, Inc. (NASDAQ:CARE)

Dimensional Fund Advisors LP raised its holdings in Carter Bankshares, Inc. (NASDAQ:CARE - Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,015,988 shares of the company's stock after purchasing an additional 51,987 shares during the period. Dimensional Fund Advisors LP owned 4.40% of Carter Bankshares worth $17,871,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CARE. Barclays PLC boosted its holdings in Carter Bankshares by 256.8% in the 3rd quarter. Barclays PLC now owns 29,813 shares of the company's stock worth $519,000 after buying an additional 21,457 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Carter Bankshares by 195.8% in the third quarter. JPMorgan Chase & Co. now owns 61,879 shares of the company's stock worth $1,076,000 after acquiring an additional 40,962 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Carter Bankshares in the fourth quarter valued at $335,000. Kingsview Wealth Management LLC bought a new stake in shares of Carter Bankshares during the 4th quarter valued at $635,000. Finally, Empowered Funds LLC lifted its holdings 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. Hedge funds and other institutional investors own 41.48% of the company's stock.

Carter Bankshares Price Performance

CARE stock traded down $0.16 during mid-day trading on Friday, reaching $15.65. 32,452 shares of the company traded hands, compared to its average volume of 72,544. The company has a fifty day moving average price of $15.61 and a 200-day moving average price of $17.20. The company has a market capitalization of $362.47 million, a P/E ratio of 14.76 and a beta of 0.68. Carter Bankshares, Inc. has a 52-week low of $11.96 and a 52-week 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.

Carter Bankshares (NASDAQ:CARE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. Carter Bankshares had a net margin of 10.09% and a return on equity of 6.50%. The firm had revenue of $37.22 million during the quarter, compared to analyst estimates of $34.90 million. As a group, analysts anticipate 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.