21,153 Shares in Carter Bankshares, Inc. (NASDAQ:CARE) Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in Carter Bankshares, Inc. (NASDAQ:CARE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 21,153 shares of the company's stock, valued at approximately $373,000. Hsbc Holdings PLC owned 0.09% of Carter Bankshares as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Global Retirement Partners LLC acquired a new position in Carter Bankshares in the fourth quarter valued at approximately $77,000. SG Americas Securities LLC grew its stake in Carter Bankshares by 23.6% during the 4th quarter. SG Americas Securities LLC now owns 9,838 shares of the company's stock worth $173,000 after buying an additional 1,879 shares during the last quarter. MetLife Investment Management LLC lifted its stake in 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 buying an additional 765 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of Carter Bankshares during the fourth quarter valued at $227,000. Finally, Curi RMB Capital LLC bought a new position in shares of Carter Bankshares during the fourth quarter worth about $248,000. Institutional investors own 41.48% of the company's stock.

Carter Bankshares Stock Performance

NASDAQ:CARE traded down $0.16 during mid-day trading on Friday, hitting $15.65. The stock had a trading volume of 32,452 shares, compared to its average volume of 72,544. The company has a 50 day simple moving average of $15.61 and a 200-day simple moving average of $17.20. Carter Bankshares, Inc. has a 52 week low of $11.96 and a 52 week high of $20.40. The stock has a market capitalization of $362.47 million, a price-to-earnings ratio of 14.76 and a beta of 0.68. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23.

Carter Bankshares (NASDAQ:CARE - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $37.22 million for the quarter, compared to the consensus estimate of $34.90 million. Carter Bankshares had a return on equity of 6.50% and a net margin of 10.09%. On average, research analysts expect that Carter Bankshares, Inc. will post 1.26 earnings per share for the current fiscal 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.