6 days Ago By ABMN Staff
Alliancebernstein L.P. decreased its stake in Carter Bankshares, Inc.
( NASDAQ:CARE – Free Report ) by 75.8% during the 4th quarter, HoldingsChannel.com reports.
The fund owned 217,662 shares of the company’s stock after selling 682,247 shares during the period. Alliancebernstein L.P.
’s holdings in Carter Bankshares were worth $3,829,000 as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new stake in shares of Carter Bankshares during the 4th quarter worth approximately $77,000.
SG Americas Securities LLC grew its holdings in Carter Bankshares by 23.6% during the fourth quarter. SG Americas Securities LLC now owns 9,838 shares of the company’s stock valued at $173,000 after purchasing an additional 1,879 shares during the period.
Prudential Financial Inc. purchased a new stake in Carter Bankshares in the fourth quarter worth $227,000. Partners in Financial Planning bought a new stake in shares of Carter Bankshares in the fourth quarter valued at $256,000.
Finally, Proficio Capital Partners LLC purchased a new position in shares of Carter Bankshares during the 4th quarter valued at $335,000. 41.48% of the stock is currently owned by hedge funds and other institutional investors.
Carter Bankshares Trading Up 1.7 % Shares of CARE opened at $14.08 on Tuesday.
Carter Bankshares, Inc. has a fifty-two week low of $10.95 and a fifty-two week high of $20.
40. The business has a 50-day moving average of $16.46 and a 200 day moving average of $17.
52. The firm has a market cap of $325.68 million, a P/E ratio of 13.
28 and a beta of 0.63. 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 Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding CARE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Carter Bankshares, Inc. ( NASDAQ:CARE – Free Report ). Receive News & Ratings for Carter Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter Bankshares and related companies with MarketBeat.
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