Vanguard Group Inc. Sells 28,198 Shares of Carter Bankshares, Inc. (NASDAQ:CARE)

Vanguard Group Inc. lessened its stake in shares of Carter Bankshares, Inc. (NASDAQ:CARE - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,276,940 shares of the company's stock after selling 28,198 shares during the period. Vanguard Group Inc. owned 5.54% of Carter Bankshares worth $22,461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp raised its holdings in shares of Carter Bankshares by 58.9% during the third quarter. Stifel Financial Corp now owns 45,067 shares of the company's stock valued at $784,000 after purchasing an additional 16,706 shares during the period. State Street Corp increased its position in Carter Bankshares by 4.1% in the 3rd quarter. State Street Corp now owns 496,603 shares of the company's stock valued at $8,636,000 after buying an additional 19,751 shares in the last quarter. Barclays PLC raised its stake in Carter Bankshares by 256.8% during 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. Geode Capital Management LLC boosted its holdings in Carter Bankshares by 3.6% in the third quarter. Geode Capital Management LLC now owns 523,591 shares of the company's stock worth $9,107,000 after acquiring an additional 18,109 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Carter Bankshares by 195.8% in the third quarter. JPMorgan Chase & Co. now owns 61,879 shares of the company's stock valued at $1,076,000 after acquiring an additional 40,962 shares during the period. 41.48% of the stock is owned by institutional investors.

Carter Bankshares Stock Up 1.0 %

Shares of NASDAQ CARE traded up $0.14 during midday trading on Friday, hitting $14.82. 52,874 shares of the stock traded hands, compared to its average volume of 75,903. 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, Inc. has a one year low of $11.41 and a one year high of $20.40. The business has a 50 day moving average price of $16.21 and a two-hundred day moving average price of $17.45. The company has a market cap of $342.80 million, a PE ratio of 13.98 and a beta of 0.63.

Carter Bankshares (NASDAQ:CARE - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.16. Carter Bankshares had a net margin of 10.09% and a return on equity of 6.50%. On average, equities analysts predict that Carter Bankshares, Inc. will post 1.26 EPS for the current 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.