Tower Research Capital LLC TRC Sells 6,405 Shares of Carter Bankshares, Inc. (NASDAQ:CARE)

Tower Research Capital LLC TRC lessened its stake in shares of Carter Bankshares, Inc. (NASDAQ:CARE) by 67.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,026 shares of the company’s stock after selling 6,405 shares during the period. Tower Research Capital LLC TRC’s holdings in Carter Bankshares were worth $45,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC bought a new stake in shares of Carter Bankshares in the 4th quarter worth $26,000. Concord Wealth Partners bought a new stake in shares of Carter Bankshares in the 4th quarter worth $56,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Carter Bankshares by 64.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,703 shares of the company’s stock worth $84,000 after buying an additional 2,628 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Carter Bankshares in the 3rd quarter worth $133,000. Finally, Trexquant Investment LP boosted its stake in shares of Carter Bankshares by 58.1% in the 3rd quarter. Trexquant Investment LP now owns 32,265 shares of the company’s stock worth $404,000 after buying an additional 11,856 shares during the last quarter. Institutional investors own 41.48% of the company’s stock.

Carter Bankshares Stock Performance

Shares of CARE stock traded up $0.11 on Thursday, reaching $12.85. The stock had a trading volume of 151,982 shares, compared to its average volume of 61,522. The stock has a market cap of $295.81 million, a P/E ratio of 22.54 and a beta of 0.94. Carter Bankshares, Inc. has a 1 year low of $10.43 and a 1 year high of $16.74. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50 day simple moving average of $12.36 and a 200 day simple moving average of $13.01.

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.