Invesco Ltd. Grows Stock Position in Carter Bankshares, Inc. (NASDAQ:CARE)

Invesco Ltd. lifted its position in shares of Carter Bankshares, Inc. (NASDAQ:CARE) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 38,142 shares of the company’s stock after acquiring an additional 643 shares during the quarter. Invesco Ltd. owned approximately 0.17% of Carter Bankshares worth $671,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in Carter Bankshares during the fourth quarter worth about $77,000. SG Americas Securities LLC boosted its holdings in Carter Bankshares by 23.6% in the 4th quarter. SG Americas Securities LLC now owns 9,838 shares of the company’s stock worth $173,000 after buying an additional 1,879 shares during the period. Prudential Financial Inc. purchased a new position in Carter Bankshares in the 4th quarter valued at approximately $227,000. Partners in Financial Planning bought a new stake in Carter Bankshares during the 4th quarter valued at $256,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Carter Bankshares during the fourth quarter worth $335,000. Hedge funds and other institutional investors own 41.48% of the company’s stock.

Carter Bankshares Price Performance

Shares of NASDAQ CARE opened at $15.68 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89. Carter Bankshares, Inc. has a fifty-two week low of $11.96 and a fifty-two week high of $20.40. The stock has a market cap of $362.69 million, a PE ratio of 14.79 and a beta of 0.63. The stock has a fifty day moving average of $15.77 and a 200-day moving average of $17.31.

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