Global Retirement Partners LLC Takes Position in Carter Bankshares, Inc. (NASDAQ:CARE)

Global Retirement Partners LLC acquired a new stake in shares of Carter Bankshares, Inc. (NASDAQ:CARE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,357 shares of the company’s stock, valued at approximately $77,000.

Several other hedge funds have also recently modified their holdings of CARE. Barclays PLC increased its holdings in Carter Bankshares by 256.8% in the 3rd quarter. Barclays PLC now owns 29,813 shares of the company’s stock worth $519,000 after buying an additional 21,457 shares during the period. JPMorgan Chase & Co. increased its holdings in Carter Bankshares by 195.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,879 shares of the company’s stock worth $1,076,000 after buying an additional 40,962 shares during the period. Geode Capital Management LLC increased its holdings in Carter Bankshares by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 523,591 shares of the company’s stock worth $9,107,000 after buying an additional 18,109 shares during the period. Kingsview Wealth Management LLC acquired a new position in Carter Bankshares in the 4th quarter worth approximately $635,000. Finally, Empowered Funds LLC increased its holdings in Carter Bankshares by 5.1% in the 4th quarter. Empowered Funds LLC now owns 84,568 shares of the company’s stock worth $1,488,000 after buying an additional 4,093 shares during the period. Institutional investors and hedge funds own 41.48% of the company’s stock.

Carter Bankshares Price Performance

Shares of NASDAQ:CARE opened at $17.34 on Friday. The company has a market cap of $400.07 million, a PE ratio of 16.36 and a beta of 0.98. Carter Bankshares, Inc. has a twelve month low of $10.95 and a twelve month high of $20.40. The company’s 50 day moving average is $17.50 and its 200 day moving average is $17.77. 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 (NASDAQ:CARE) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. Carter Bankshares had a net margin of 10.09% and a return on equity of 6.50%. On average, sell-side analysts forecast that Carter Bankshares, Inc. will post 1.26 EPS for the current year.

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.