Huber Capital Management LLC Has $3.56 Million Position in Carter Bankshares, Inc. (NASDAQ:CARE)

Huber Capital Management LLC lowered its position in shares of Carter Bankshares, Inc. (NASDAQ:CARE) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 202,467 shares of the company’s stock after selling 2,000 shares during the quarter. Huber Capital Management LLC owned about 0.88% of Carter Bankshares worth $3,561,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CARE. Hotchkis & Wiley Capital Management LLC acquired a new position in Carter Bankshares during the third quarter worth about $2,766,000. Stifel Financial Corp boosted its position in Carter Bankshares by 58.9% during the third quarter. Stifel Financial Corp now owns 45,067 shares of the company’s stock valued at $784,000 after acquiring an additional 16,706 shares during the last quarter. State Street Corp boosted its stake in Carter Bankshares by 4.1% during the third quarter. State Street Corp now owns 496,603 shares of the company’s stock worth $8,636,000 after acquiring an additional 19,751 shares in the last quarter. XTX Topco Ltd boosted its holdings in Carter Bankshares by 42.2% in the third quarter. XTX Topco Ltd now owns 22,499 shares of the company’s stock worth $391,000 after acquiring an additional 6,676 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Carter Bankshares by 256.8% in the 3rd quarter. Barclays PLC now owns 29,813 shares of the company’s stock worth $519,000 after acquiring an additional 21,457 shares during the last quarter. 41.48% of the stock is currently owned by institutional investors.

Carter Bankshares Stock Up 0.6 %

CARE stock opened at $16.14 on Thursday. The stock’s fifty day simple moving average is $17.11 and its two-hundred day simple moving average is $17.74. 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 $10.95 and a 1-year high of $20.40. The stock has a market cap of $373.33 million, a P/E ratio of 15.23 and a beta of 0.95.

Carter Bankshares (NASDAQ:CARE) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. Carter Bankshares had a return on equity of 6.50% and a net margin of 10.09%. 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.