Barclays PLC Purchases 21,457 Shares of Carter Bankshares, Inc. (NASDAQ:CARE)

Barclays PLC boosted its position in shares of Carter Bankshares, Inc. (NASDAQ:CARE) by 256.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 29,813 shares of the company’s stock after acquiring an additional 21,457 shares during the quarter. Barclays PLC’s holdings in Carter Bankshares were worth $519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Carter Bankshares by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 892,414 shares of the company’s stock valued at $13,493,000 after purchasing an additional 74,317 shares during the period. State Street Corp boosted its stake in shares of Carter Bankshares by 4.1% during the 3rd quarter. State Street Corp now owns 496,603 shares of the company’s stock valued at $8,636,000 after purchasing an additional 19,751 shares in the last quarter. American Century Companies Inc. increased its position in shares of Carter Bankshares by 8.2% during the second quarter. American Century Companies Inc. now owns 337,743 shares of the company’s stock valued at $5,107,000 after buying an additional 25,472 shares during the period. Fourthstone LLC increased its position in shares of Carter Bankshares by 205.3% during the third quarter. Fourthstone LLC now owns 274,481 shares of the company’s stock valued at $4,773,000 after buying an additional 184,565 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in Carter Bankshares in the third quarter worth about $2,766,000. 41.48% of the stock is currently owned by institutional investors.

Carter Bankshares Price Performance

Shares of NASDAQ CARE opened at $17.23 on Friday. The company has a 50 day simple moving average of $18.55 and a two-hundred day simple moving average of $17.10. The company has a market capitalization of $397.53 million, a price-to-earnings ratio of 27.79 and a beta of 1.00. Carter Bankshares, Inc. has a fifty-two week low of $10.95 and a fifty-two week high of $20.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89.

Analyst Upgrades and Downgrades

Separately, Hovde Group assumed coverage on Carter Bankshares in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $22.00 price objective for the company.

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.