Kingsview Wealth Management LLC Takes Position in Carter Bankshares, Inc. (NASDAQ:CARE)

Kingsview Wealth Management LLC acquired a new position in Carter Bankshares, Inc. (NASDAQ:CARE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 36,099 shares of the company’s stock, valued at approximately $635,000. Kingsview Wealth Management LLC owned about 0.16% of Carter Bankshares at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CARE. Fourthstone LLC increased its stake in shares of Carter Bankshares by 205.3% in the 3rd quarter. Fourthstone LLC now owns 274,481 shares of the company’s stock valued at $4,773,000 after buying an additional 184,565 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in Carter Bankshares in the third quarter worth about $2,766,000. JPMorgan Chase & Co. increased its position in Carter Bankshares by 195.8% in the third quarter. JPMorgan Chase & Co. now owns 61,879 shares of the company’s stock worth $1,076,000 after purchasing an additional 40,962 shares during the period. Basswood Capital Management L.L.C. bought a new stake in Carter Bankshares during the 3rd quarter worth about $706,000. Finally, Barclays PLC lifted its position in Carter Bankshares by 256.8% during the 3rd quarter. Barclays PLC now owns 29,813 shares of the company’s stock valued at $519,000 after purchasing an additional 21,457 shares during the period. Institutional investors and hedge funds own 41.48% of the company’s stock.

Carter Bankshares Stock Down 2.4 %

Shares of NASDAQ CARE opened at $17.66 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $407.42 million, a PE ratio of 16.66 and a beta of 0.98. The firm’s 50-day moving average is $17.76 and its 200-day moving average is $17.64. Carter Bankshares, Inc. has a 1 year low of $10.95 and a 1 year high of $20.40.

Carter Bankshares (NASDAQ:CARE) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. Carter Bankshares had a net margin of 10.09% and a return on equity of 6.50%. Equities analysts expect that Carter Bankshares, Inc. will post 1.26 EPS 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.