1 week Ago By ABMN Staff
Prudential Financial Inc. purchased a new stake in Carter Bankshares, Inc. ( NASDAQ:CARE – Free Report ) in the 4th quarter, according to its most recent filing with the SEC.
The fund purchased 12,880 shares of the company’s stock, valued at approximately $227,000. A number of other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co.
grew its stake in shares of Carter Bankshares by 195.8% during the 3rd quarter. JPMorgan Chase & Co.
now owns 61,879 shares of the company’s stock valued at $1,076,000 after buying an additional 40,962 shares during the period. Kingsview Wealth Management LLC acquired a new stake in shares of Carter Bankshares during the fourth quarter valued at about $635,000. Connor Clark & Lunn Investment Management Ltd.
grew its stake in Carter Bankshares by 170.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd.
now owns 43,418 shares of the company’s stock valued at $764,000 after purchasing an additional 27,390 shares in the last quarter. Barclays PLC increased its stake in shares of Carter Bankshares by 256.8% in the third quarter.
Barclays PLC now owns 29,813 shares of the company’s stock worth $519,000 after buying an additional 21,457 shares during the last quarter. Finally, State Street Corp increased its position in shares of Carter Bankshares by 4.1% in the 3rd quarter.
State Street Corp now owns 496,603 shares of the company’s stock worth $8,636,000 after purchasing an additional 19,751 shares during the last quarter. Hedge funds and other institutional investors own 41.48% of the company’s stock.
Carter Bankshares Price Performance Shares of NASDAQ CARE opened at $14.00 on Friday. The company has a market capitalization of $323.
83 million, a price-to-earnings ratio of 13.21 and a beta of 0.63.
Carter Bankshares, Inc. has a twelve month low of $10.95 and a twelve month high of $20.
40. The business has a 50 day simple moving average of $16.61 and a 200-day simple moving average of $17.
57. 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 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.com's FREE daily email newsletter .
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