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

Barclays PLC boosted its stake in shares of Carter Bankshares, Inc. (NASDAQ:CARE) by 256.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,813 shares of the company’s stock after buying an additional 21,457 shares during the quarter. Barclays PLC owned approximately 0.13% of Carter Bankshares worth $519,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in Carter Bankshares by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 80,475 shares of the company’s stock valued at $1,399,000 after purchasing an additional 4,020 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Carter Bankshares by 43.5% in the second quarter. Truist Financial Corp now owns 17,790 shares of the company’s stock valued at $269,000 after acquiring an additional 5,394 shares in the last quarter. XTX Topco Ltd lifted its stake in Carter Bankshares by 42.2% in the third 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. SG Americas Securities LLC bought a new position in Carter Bankshares during the 3rd quarter worth about $138,000. Finally, Bank of New York Mellon Corp grew its holdings in Carter Bankshares by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 93,138 shares of the company’s stock worth $1,408,000 after acquiring an additional 8,160 shares in the last quarter. 41.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Carter Bankshares Stock Performance

Shares of NASDAQ:CARE opened at $17.36 on Friday. The company has a market capitalization of $400.50 million, a PE ratio of 28.00 and a beta of 1.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. Carter Bankshares, Inc. has a 12-month low of $10.95 and a 12-month high of $20.40. The business’s fifty day simple moving average is $18.20 and its 200-day simple moving average is $17.39.

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.