16,028 Shares in Carter Bankshares, Inc. (NASDAQ:CARE) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Carter Bankshares, Inc. (NASDAQ:CARE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,028 shares of the company’s stock, valued at approximately $279,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of Carter Bankshares as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Carter Bankshares by 1.4% in the first quarter. Vanguard Group Inc. now owns 1,245,205 shares of the company’s stock valued at $15,739,000 after buying an additional 17,327 shares during the period. Bank of New York Mellon Corp raised its stake in Carter Bankshares by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 93,138 shares of the company’s stock valued at $1,408,000 after acquiring an additional 8,160 shares during the period. Los Angeles Capital Management LLC lifted its holdings in Carter Bankshares by 22.4% during the 2nd quarter. Los Angeles Capital Management LLC now owns 35,237 shares of the company’s stock valued at $533,000 after purchasing an additional 6,450 shares during the last quarter. American Century Companies Inc. boosted its position in Carter Bankshares by 8.2% during the second quarter. American Century Companies Inc. now owns 337,743 shares of the company’s stock worth $5,107,000 after purchasing an additional 25,472 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Carter Bankshares by 9.1% in the second 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 last quarter. Institutional investors own 41.48% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CARE. Hovde Group assumed coverage on Carter Bankshares in a report on Wednesday, October 2nd. They set an “outperform” rating and a $22.00 price target for the company. Raymond James lifted their target price on Carter Bankshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th.

Carter Bankshares Trading Down 0.2 %

NASDAQ CARE opened at $18.68 on Monday. The company has a market cap of $430.95 million, a price-to-earnings ratio of 30.13 and a beta of 1.02. Carter Bankshares, Inc. has a twelve month low of $10.95 and a twelve month high of $20.40. 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 business’s fifty day moving average is $18.31 and its 200 day moving average is $16.25.

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.