Bailard Inc. Invests $301,000 in Carter Bankshares, Inc. (NASDAQ:CARE)

Bailard Inc. acquired a new stake in shares of Carter Bankshares, Inc. (NASDAQ:CARE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,627 shares of the company's stock, valued at approximately $301,000. Bailard Inc. owned approximately 0.08% of Carter Bankshares as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in Carter Bankshares in the 4th quarter valued at about $335,000. Nuveen Asset Management LLC raised its stake in shares of Carter Bankshares by 23.5% in the fourth quarter. Nuveen Asset Management LLC now owns 133,008 shares of the company's stock worth $2,340,000 after purchasing an additional 25,332 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Carter Bankshares by 112.1% in the fourth quarter. Millennium Management LLC now owns 92,476 shares of the company's stock valued at $1,627,000 after purchasing an additional 48,869 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Carter Bankshares by 31.4% during the fourth quarter. Bank of America Corp DE now owns 30,440 shares of the company's stock valued at $535,000 after buying an additional 7,266 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Carter Bankshares by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,015,988 shares of the company's stock valued at $17,871,000 after buying an additional 51,987 shares during the last quarter. 41.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carter Bankshares

In related news, Director Kevin S. Bloomfield sold 1,629 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $16.81, for a total value of $27,383.49. Following the completion of the sale, the director owned 16,418 shares in the company, valued at $275,986.58. The trade was a 9.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 7,138 shares of company stock worth $119,249. Company insiders own 2.18% of the company's stock.

Carter Bankshares Stock Performance

Shares of CARE traded up $0.76 on Thursday, reaching $18.57. 119,331 shares of the company's stock traded hands, compared to its average volume of 77,535. Carter Bankshares, Inc. has a 52-week low of $13.60 and a 52-week high of $20.40. The stock has a market cap of $430.08 million, a PE ratio of 15.48 and a beta of 0.77. The stock's 50 day simple moving average is $17.07 and its two-hundred day simple moving average is $16.64. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.14.

Carter Bankshares (NASDAQ:CARE - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.10. Carter Bankshares had a return on equity of 6.70% and a net margin of 11.20%. On average, analysts forecast that Carter Bankshares, Inc. will post 1.26 earnings per share for the current fiscal year.

Carter Bankshares 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.