Proficio Capital Partners LLC Acquires Shares of 19,068 Carter Bankshares, Inc. (NASDAQ:CARE)

Proficio Capital Partners LLC acquired a new position in shares of Carter Bankshares, Inc. (NASDAQ:CARE) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,068 shares of the company’s stock, valued at approximately $335,000. Proficio Capital Partners LLC owned approximately 0.08% of Carter Bankshares at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Carter Bankshares by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 523,591 shares of the company’s stock worth $9,107,000 after purchasing an additional 18,109 shares during the period. State Street Corp boosted its holdings in 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 period. Fourthstone LLC increased its stake in Carter Bankshares by 205.3% in the 3rd quarter. Fourthstone LLC now owns 274,481 shares of the company’s stock worth $4,773,000 after buying an additional 184,565 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Carter Bankshares in the third quarter valued at approximately $2,766,000. Finally, Empowered Funds LLC grew its stake in Carter Bankshares by 5.1% in the fourth quarter. Empowered Funds LLC now owns 84,568 shares of the company’s stock worth $1,488,000 after purchasing an additional 4,093 shares in the last quarter. 41.48% of the stock is owned by hedge funds and other institutional investors.

Carter Bankshares Trading Down 1.5 %

Shares of NASDAQ CARE opened at $16.64 on Wednesday. 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 firm has a market cap of $384.90 million, a PE ratio of 15.70 and a beta of 0.95. The business has a fifty day simple moving average of $17.25 and a two-hundred day simple moving average of $17.78. Carter Bankshares, Inc. has a twelve month low of $10.95 and a twelve month high of $20.40.

Carter Bankshares (NASDAQ:CARE) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Carter Bankshares, Inc. will post 1.26 earnings per share for the current fiscal 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.