Nuveen Asset Management LLC Has $2.34 Million Stock Holdings in Carter Bankshares, Inc. (NASDAQ:CARE)

Nuveen Asset Management LLC increased its holdings in shares of Carter Bankshares, Inc. (NASDAQ:CARE) by 23.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,008 shares of the company’s stock after buying an additional 25,332 shares during the quarter. Nuveen Asset Management LLC owned 0.58% of Carter Bankshares worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new position in Carter Bankshares during the 4th quarter valued at about $77,000. SG Americas Securities LLC lifted its position 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 worth $173,000 after purchasing an additional 1,879 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Carter Bankshares during the fourth quarter worth approximately $196,000. MetLife Investment Management LLC grew its position in Carter Bankshares by 6.4% during the fourth quarter. MetLife Investment Management LLC now owns 12,711 shares of the company’s stock valued at $224,000 after purchasing an additional 765 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in Carter Bankshares in the 4th quarter worth approximately $227,000. 41.48% of the stock is owned by institutional investors and hedge funds.

Carter Bankshares Price Performance

CARE opened at $16.31 on Tuesday. The stock has a fifty day moving average price of $15.45 and a 200 day moving average price of $16.86. 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, Inc. has a 1 year low of $11.96 and a 1 year high of $20.40. The stock has a market cap of $377.76 million, a price-to-earnings ratio of 15.39 and a beta of 0.68.

Carter Bankshares (NASDAQ:CARE) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The business had revenue of $37.22 million during the quarter, compared to analyst estimates of $34.90 million. Carter Bankshares had a return on equity of 6.50% and a net margin of 10.09%. Analysts forecast that Carter Bankshares, Inc. will post 1.26 EPS for the current fiscal year.

Carter Bankshares 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.