Nuveen Asset Management LLC grew its holdings in Carter Bankshares, Inc. (NASDAQ:CARE - Free Report) by 23.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,008 shares of the company's stock after buying an additional 25,332 shares during the quarter. Nuveen Asset Management LLC owned 0.58% of Carter Bankshares worth $2,340,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in Carter Bankshares in the 4th quarter valued at $77,000. SG Americas Securities LLC lifted its holdings in Carter Bankshares by 23.6% during the fourth quarter. SG Americas Securities LLC now owns 9,838 shares of the company's stock valued at $173,000 after purchasing an additional 1,879 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Carter Bankshares in the fourth quarter valued at about $196,000. MetLife Investment Management LLC grew its position in shares of Carter Bankshares by 6.4% in the fourth quarter. MetLife Investment Management LLC now owns 12,711 shares of the company's stock valued at $224,000 after purchasing an additional 765 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in shares of Carter Bankshares during the fourth quarter worth about $227,000. 41.48% of the stock is currently owned by hedge funds and other institutional investors.
Carter Bankshares Price Performance
Shares of CARE traded up $0.13 during mid-day trading on Friday, hitting $16.52. 99,272 shares of the company were exchanged, compared to its average volume of 73,571. The stock has a market cap of $382.62 million, a price-to-earnings ratio of 15.59 and a beta of 0.68. Carter Bankshares, Inc. has a 1-year low of $11.96 and a 1-year high of $20.40. The company has a 50 day moving average of $15.45 and a 200-day moving average of $16.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89.
Carter Bankshares (NASDAQ:CARE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $37.22 million during the quarter, compared to analyst estimates of $34.90 million. Carter Bankshares had a return on equity of 6.50% and a net margin of 10.09%. Analysts expect that Carter Bankshares, Inc. will post 1.26 EPS 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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