Mackenzie Financial Corp acquired a new position in Carter Bankshares, Inc. (NASDAQ:CARE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,030 shares of the company's stock, valued at approximately $493,000. Mackenzie Financial Corp owned 0.12% of Carter Bankshares at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in Carter Bankshares in the 4th quarter worth about $77,000. SG Americas Securities LLC raised its position in Carter Bankshares by 23.6% in the 4th quarter. SG Americas Securities LLC now owns 9,838 shares of the company's stock worth $173,000 after purchasing an additional 1,879 shares during the period. BNP Paribas Financial Markets purchased a new stake in Carter Bankshares in the 4th quarter worth about $196,000. MetLife Investment Management LLC raised its position in Carter Bankshares by 6.4% in the 4th quarter. MetLife Investment Management LLC now owns 12,711 shares of the company's stock worth $224,000 after purchasing an additional 765 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in Carter Bankshares in the 4th quarter worth about $227,000. 41.48% of the stock is owned by hedge funds and other institutional investors.
Carter Bankshares Trading Up 0.8%
Carter Bankshares stock traded up $0.13 during midday trading on Friday, reaching $16.52. The stock had a trading volume of 99,272 shares, compared to its average volume of 73,646. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. The firm has a market cap of $382.62 million, a price-to-earnings ratio of 15.59 and a beta of 0.68. The company has a fifty day moving average of $15.46 and a 200 day moving average of $16.82. Carter Bankshares, Inc. has a 52-week low of $11.96 and a 52-week high of $20.40.
Carter Bankshares (NASDAQ:CARE - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. The business had revenue of $37.22 million for the quarter, compared to the consensus estimate of $34.90 million. Carter Bankshares had a net margin of 10.09% and a return on equity of 6.50%. On average, analysts anticipate that Carter Bankshares, Inc. will post 1.26 earnings per share for the current fiscal year.
About Carter Bankshares
(
Free Report)
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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