Jane Street Group LLC Reduces Position in Carter Bankshares, Inc. (NASDAQ:CARE)

Jane Street Group LLC trimmed its holdings in Carter Bankshares, Inc. (NASDAQ:CARE) by 32.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,118 shares of the company’s stock after selling 9,176 shares during the quarter. Jane Street Group LLC owned about 0.08% of Carter Bankshares worth $332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CARE. Truist Financial Corp lifted its position in Carter Bankshares by 43.5% during the second quarter. Truist Financial Corp now owns 17,790 shares of the company’s stock worth $269,000 after buying an additional 5,394 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Carter Bankshares by 58.9% during the 3rd quarter. Stifel Financial Corp now owns 45,067 shares of the company’s stock worth $784,000 after acquiring an additional 16,706 shares during the period. State Street Corp boosted its position 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 acquiring an additional 19,751 shares during the last quarter. Mendon Capital Advisors Corp purchased a new stake in shares of Carter Bankshares in the second quarter valued at about $454,000. Finally, American Century Companies Inc. increased 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 last quarter. 41.48% of the stock is currently owned by institutional investors and hedge funds.

Carter Bankshares Stock Down 0.5 %

Shares of NASDAQ:CARE opened at $17.01 on Friday. The business has a 50-day moving average price of $18.42 and a 200 day moving average price of $17.27. Carter Bankshares, Inc. has a 12-month low of $10.95 and a 12-month high of $20.40. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $392.45 million, a price-to-earnings ratio of 27.44 and a beta of 1.00.

Analysts Set New Price Targets

Separately, Hovde Group initiated coverage on shares of Carter Bankshares in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $22.00 target price on the stock.

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.