Renaissance Technologies LLC Has $1.27 Million Stock Position in Carter Bankshares, Inc. (NASDAQ:CARE)

Renaissance Technologies LLC lessened its holdings in Carter Bankshares, Inc. (NASDAQ:CARE) by 20.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,300 shares of the company’s stock after selling 19,100 shares during the period. Renaissance Technologies LLC owned about 0.31% of Carter Bankshares worth $1,272,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Invesco Ltd. raised its stake in shares of Carter Bankshares by 1.7% in 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 last quarter. Charles Schwab Investment Management Inc. grew its holdings in Carter Bankshares by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,616 shares of the company’s stock worth $1,154,000 after buying an additional 1,790 shares in the last quarter. SG Americas Securities LLC raised its position in Carter Bankshares by 23.6% in the 4th quarter. SG Americas Securities LLC now owns 9,838 shares of the company’s stock valued at $173,000 after buying an additional 1,879 shares during the last quarter. Rhumbline Advisers lifted its stake in Carter Bankshares by 3.9% during the 4th quarter. Rhumbline Advisers now owns 50,637 shares of the company’s stock valued at $891,000 after acquiring an additional 1,906 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Carter Bankshares by 11.3% during the 4th quarter. Wells Fargo & Company MN now owns 28,696 shares of the company’s stock worth $505,000 after acquiring an additional 2,917 shares during the last quarter. Institutional investors own 41.48% of the company’s stock.

Carter Bankshares Stock Performance

Shares of CARE stock opened at $15.57 on Wednesday. Carter Bankshares, Inc. has a one year low of $11.96 and a one year high of $20.40. The company has a market cap of $360.15 million, a P/E ratio of 14.69 and a beta of 0.63. The firm has a 50-day moving average of $15.87 and a 200-day moving average of $17.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89.

Carter Bankshares (NASDAQ:CARE) last posted its earnings results on Thursday, April 24th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. Carter Bankshares had a net margin of 10.09% and a return on equity of 6.50%. The firm had revenue of $37.22 million for the quarter, compared to analysts’ expectations of $34.90 million. Equities research analysts forecast that Carter Bankshares, Inc. will post 1.26 EPS for the current fiscal year.

Carter Bankshares Company 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.