14,117 Shares in Carter Bankshares, Inc. (NASDAQ:CARE) Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC purchased a new stake in Carter Bankshares, Inc. (NASDAQ:CARE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,117 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Carter Bankshares by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,015,988 shares of the company’s stock worth $17,871,000 after buying an additional 51,987 shares during the period. Fourthstone LLC lifted its position in Carter Bankshares by 100.7% during the 4th quarter. Fourthstone LLC now owns 551,013 shares of the company’s stock worth $9,692,000 after acquiring an additional 276,532 shares during the period. Barclays PLC grew its stake in shares of Carter Bankshares by 15.1% in the 4th quarter. Barclays PLC now owns 34,303 shares of the company’s stock valued at $603,000 after purchasing an additional 4,490 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Carter Bankshares by 27.9% in the fourth quarter. Kennedy Capital Management LLC now owns 324,569 shares of the company’s stock valued at $5,709,000 after purchasing an additional 70,836 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Carter Bankshares by 1.7% during the fourth quarter. Invesco Ltd. now owns 38,142 shares of the company’s stock worth $671,000 after purchasing an additional 643 shares during the period. Institutional investors and hedge funds own 41.48% of the company’s stock.

Carter Bankshares Stock Performance

Shares of CARE opened at $14.78 on Tuesday. Carter Bankshares, Inc. has a 1 year low of $11.41 and a 1 year high of $20.40. The stock has a market capitalization of $341.88 million, a P/E ratio of 13.94 and a beta of 0.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89. The company’s fifty day moving average is $16.15 and its two-hundred day moving average is $17.44.

Carter Bankshares (NASDAQ:CARE) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.37 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%. On average, sell-side analysts predict that Carter Bankshares, Inc. will post 1.26 earnings per share for the current 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.