Proficio Capital Partners LLC Buys Shares of 19,068 Carter Bankshares, Inc. (NASDAQ:CARE)

Proficio Capital Partners LLC purchased a new stake in Carter Bankshares, Inc. (NASDAQ:CARE) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 19,068 shares of the company’s stock, valued at approximately $335,000.

A number of other institutional investors also recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new position in shares of Carter Bankshares in the fourth quarter worth $77,000. SG Americas Securities LLC increased its position in shares of Carter Bankshares by 23.6% in the 4th quarter. SG Americas Securities LLC now owns 9,838 shares of the company’s stock valued at $173,000 after acquiring an additional 1,879 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Carter Bankshares in the 3rd quarter worth $279,000. XTX Topco Ltd lifted its position in Carter Bankshares by 42.2% during the 3rd quarter. XTX Topco Ltd now owns 22,499 shares of the company’s stock worth $391,000 after acquiring an additional 6,676 shares during the period. Finally, Barclays PLC grew its stake in Carter Bankshares by 256.8% during the 3rd quarter. Barclays PLC now owns 29,813 shares of the company’s stock valued at $519,000 after purchasing an additional 21,457 shares during the last quarter. 41.48% of the stock is currently owned by institutional investors and hedge funds.

Carter Bankshares Trading Down 1.5 %

Shares of NASDAQ:CARE opened at $16.64 on Wednesday. The business has a 50-day moving average price of $17.25 and a 200-day moving average price of $17.78. The stock has a market cap of $384.90 million, a price-to-earnings ratio of 15.70 and a beta of 0.95. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. Carter Bankshares, Inc. has a 52-week low of $10.95 and a 52-week high of $20.40.

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