Strs Ohio Has $585,000 Position in Carter Bankshares, Inc. (NASDAQ:CARE)

Strs Ohio grew its holdings in shares of Carter Bankshares, Inc. (NASDAQ:CARE) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,100 shares of the company’s stock after acquiring an additional 1,700 shares during the period. Strs Ohio owned 0.17% of Carter Bankshares worth $585,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CARE. Allspring Global Investments Holdings LLC grew its stake in shares of Carter Bankshares by 64.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,703 shares of the company’s stock valued at $84,000 after buying an additional 2,628 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Carter Bankshares in the 3rd quarter valued at about $133,000. Finally, Trexquant Investment LP grew its stake in shares of Carter Bankshares by 58.1% in the 3rd 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 during the period. 41.48% of the stock is currently owned by institutional investors and hedge funds.

Carter Bankshares Stock Performance

Shares of CARE opened at $12.11 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a 50-day moving average of $12.45 and a 200-day moving average of $12.98. The company has a market cap of $278.77 million, a PE ratio of 12.23 and a beta of 0.94. Carter Bankshares, Inc. has a one year low of $10.43 and a one year high of $16.74.

Carter Bankshares (NASDAQ:CARE) last announced its quarterly earnings results on Thursday, January 25th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.19). Carter Bankshares had a net margin of 10.89% and a return on equity of 7.49%. The business had revenue of $30.67 million during the quarter, compared to the consensus estimate of $32.62 million. On average, equities research analysts predict that Carter Bankshares, Inc. will post 1.83 EPS 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.