Charles Schwab Investment Management Inc. Has $1.15 Million Holdings in Carter Bankshares, Inc. (NASDAQ:CARE)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Carter Bankshares, Inc. (NASDAQ:CARE) by 2.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 65,616 shares of the company’s stock after buying an additional 1,790 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Carter Bankshares were worth $1,154,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new position in Carter Bankshares during the fourth quarter valued at approximately $77,000. SG Americas Securities LLC grew its stake in 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 buying an additional 1,879 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Carter Bankshares in the 3rd quarter worth $279,000. Proficio Capital Partners LLC acquired a new position in Carter Bankshares during the 4th quarter worth $335,000. Finally, 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 last quarter. 41.48% of the stock is owned by institutional investors and hedge funds.

Carter Bankshares Stock Performance

CARE opened at $16.32 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $17.20 and its two-hundred day moving average price is $17.77. The firm has a market capitalization of $377.50 million, a P/E ratio of 15.40 and a beta of 0.95. Carter Bankshares, Inc. has a 12-month low of $10.95 and a 12-month high of $20.40.

Carter Bankshares (NASDAQ:CARE) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.16. Carter Bankshares had a return on equity of 6.50% and a net margin of 10.09%. On average, equities analysts forecast that Carter Bankshares, Inc. will post 1.26 earnings per share for the current year.

About Carter Bankshares

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.