Carter Bankshares (NASDAQ:CARE) Stock Price Up 0.3%

Carter Bankshares, Inc. (NASDAQ:CARE) rose 0.3% during trading on Monday . The company traded as high as $15.14 and last traded at $14.84. Approximately 40,549 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 67,188 shares. The stock had previously closed at $14.79.

Carter Bankshares Stock Up 0.3 %

The business has a 50 day moving average of $13.13 and a 200 day moving average of $13.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $341.47 million, a price-to-earnings ratio of 26.04 and a beta of 1.04.

Carter Bankshares (NASDAQ:CARE) last issued its earnings results on Thursday, April 25th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.14. The business had revenue of $33.46 million during the quarter, compared to analyst estimates of $32.79 million. Carter Bankshares had a return on equity of 4.43% and a net margin of 6.11%. On average, equities analysts anticipate that Carter Bankshares, Inc. will post 0.92 EPS for the current year.

Institutional Trading of Carter Bankshares

A number of large investors have recently bought and sold shares of CARE. Black Maple Capital Management LP bought a new stake in shares of Carter Bankshares during the first quarter worth $293,000. Russell Investments Group Ltd. increased its stake in shares of Carter Bankshares by 31.8% in the fourth quarter. Russell Investments Group Ltd. now owns 95,579 shares of the company’s stock valued at $1,431,000 after buying an additional 23,085 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 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 in the last quarter. Trexquant Investment LP increased its stake in shares of Carter Bankshares by 58.1% in the third quarter. Trexquant Investment LP now owns 32,265 shares of the company’s stock valued at $404,000 after buying an additional 11,856 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in shares of Carter Bankshares in the fourth quarter valued at $56,000. 41.48% of the stock is currently owned by institutional investors.

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.