Citadel Advisors LLC Has $2.08 Million Position in Carter Bankshares, Inc. (NASDAQ:CARE)

Citadel Advisors LLC lessened its stake in Carter Bankshares, Inc. (NASDAQ:CARE) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,303 shares of the company’s stock after selling 7,801 shares during the quarter. Citadel Advisors LLC owned 0.51% of Carter Bankshares worth $2,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CARE. Global Retirement Partners LLC acquired a new position in shares of Carter Bankshares in the fourth quarter valued at approximately $77,000. SG Americas Securities LLC boosted its holdings in shares of Carter Bankshares by 23.6% in the fourth 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 period. BNP Paribas Financial Markets acquired a new position in Carter Bankshares during the fourth quarter worth $196,000. MetLife Investment Management LLC boosted its holdings in Carter Bankshares by 6.4% during the fourth quarter. MetLife Investment Management LLC now owns 12,711 shares of the company’s stock worth $224,000 after purchasing an additional 765 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in Carter Bankshares during the fourth quarter worth $227,000. Institutional investors and hedge funds own 41.48% of the company’s stock.

Carter Bankshares Stock Performance

Shares of CARE opened at $16.00 on Friday. Carter Bankshares, Inc. has a 12 month low of $11.96 and a 12 month high of $20.40. The firm has a fifty day simple moving average of $15.49 and a 200 day simple moving average of $17.04. The stock has a market capitalization of $370.58 million, a price-to-earnings ratio of 15.09 and a beta of 0.68. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23.

Carter Bankshares (NASDAQ:CARE) last announced 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 business had revenue of $37.22 million during the quarter, compared to analysts’ expectations of $34.90 million. 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.