SG Americas Securities LLC Acquires 1,879 Shares of Carter Bankshares, Inc. (NASDAQ:CARE)

SG Americas Securities LLC boosted its position in Carter Bankshares, Inc. (NASDAQ:CARE) by 23.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,838 shares of the company’s stock after purchasing an additional 1,879 shares during the period. SG Americas Securities LLC’s holdings in Carter Bankshares were worth $173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the business. Semanteon Capital Management LP purchased a new stake in shares of Carter Bankshares in the third quarter worth about $196,000. Truist Financial Corp boosted its stake in shares of Carter Bankshares by 43.5% in the 2nd quarter. Truist Financial Corp now owns 17,790 shares of the company’s stock valued at $269,000 after purchasing an additional 5,394 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Carter Bankshares in the 3rd quarter valued at about $279,000. XTX Topco Ltd increased its stake in shares of 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 buying an additional 6,676 shares during the period. Finally, Barclays PLC increased its holdings in Carter Bankshares by 256.8% during the 3rd quarter. Barclays PLC now owns 29,813 shares of the company’s stock valued at $519,000 after purchasing an additional 21,457 shares during the period. Hedge funds and other institutional investors own 41.48% of the company’s stock.

Carter Bankshares Stock Performance

Shares of CARE stock opened at $17.77 on Monday. The stock has a fifty day moving average of $17.79 and a 200 day moving average of $17.62. The firm has a market capitalization of $409.95 million, a price-to-earnings ratio of 16.76 and a beta of 0.98. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. Carter Bankshares, Inc. has a 52 week low of $10.95 and a 52 week high of $20.40.

Carter Bankshares (NASDAQ:CARE) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.21 by $0.16. Carter Bankshares had a return on equity of 6.50% and a net margin of 10.09%. As a group, research analysts expect that Carter Bankshares, Inc. will post 1.26 earnings per share 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.