Trexquant Investment LP Buys 12,204 Shares of Carter Bankshares, Inc. (NASDAQ:CARE)

Trexquant Investment LP grew its position in shares of Carter Bankshares, Inc. (NASDAQ:CARE) by 27.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,562 shares of the company’s stock after purchasing an additional 12,204 shares during the period. Trexquant Investment LP owned approximately 0.25% of Carter Bankshares worth $995,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Carter Bankshares by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 523,591 shares of the company’s stock valued at $9,107,000 after buying an additional 18,109 shares in the last quarter. State Street Corp grew its holdings in shares of Carter Bankshares by 4.1% in the third quarter. State Street Corp now owns 496,603 shares of the company’s stock valued at $8,636,000 after purchasing an additional 19,751 shares in the last quarter. American Century Companies Inc. raised its stake in Carter Bankshares by 1.3% during the fourth quarter. American Century Companies Inc. now owns 343,193 shares of the company’s stock valued at $6,037,000 after purchasing an additional 4,238 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Carter Bankshares by 101.1% during the fourth quarter. JPMorgan Chase & Co. now owns 124,453 shares of the company’s stock valued at $2,189,000 after purchasing an additional 62,574 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Carter Bankshares by 10.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 109,852 shares of the company’s stock worth $1,932,000 after buying an additional 10,599 shares in the last quarter. 41.48% of the stock is currently owned by hedge funds and other institutional investors.

Carter Bankshares Stock Down 6.7 %

Shares of NASDAQ CARE opened at $14.00 on Friday. The stock 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 12-month low of $10.95 and a 12-month high of $20.40. 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’s 50-day moving average price is $16.61 and its 200-day moving average price is $17.57.

Carter Bankshares (NASDAQ:CARE) last issued 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 return on equity of 6.50% and a net margin of 10.09%. On average, equities research analysts anticipate 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.