BNP Paribas Arbitrage SA Acquires 1,468 Shares of Carter Bank and Trust (NASDAQ:CARE)

BNP Paribas Arbitrage SA lifted its holdings in Carter Bank and Trust (NASDAQ:CARE) by 26.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,970 shares of the company’s stock after acquiring an additional 1,468 shares during the period. BNP Paribas Arbitrage SA’s holdings in Carter Bank and Trust were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Bank of Montreal Can raised its position in shares of Carter Bank and Trust by 44.6% in the 4th quarter. Bank of Montreal Can now owns 2,876 shares of the company’s stock worth $68,000 after acquiring an additional 887 shares in the last quarter. Rhumbline Advisers raised its position in shares of Carter Bank and Trust by 3.0% in the 4th quarter. Rhumbline Advisers now owns 30,663 shares of the company’s stock worth $727,000 after acquiring an additional 895 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Carter Bank and Trust in the 4th quarter worth about $37,000. Citigroup Inc. raised its position in shares of Carter Bank and Trust by 39.2% in the 1st quarter. Citigroup Inc. now owns 6,445 shares of the company’s stock worth $59,000 after acquiring an additional 1,815 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Carter Bank and Trust by 9.0% in the 4th quarter. Bank of America Corp DE now owns 23,759 shares of the company’s stock worth $563,000 after acquiring an additional 1,963 shares in the last quarter. 33.92% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently commented on the company. DA Davidson lowered Carter Bank and Trust from a “buy” rating to a “neutral” rating and set a $10.50 target price for the company. in a research report on Friday, May 1st. ValuEngine lowered Carter Bank and Trust from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Zacks Investment Research lowered Carter Bank and Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, June 24th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.83.

Shares of Carter Bank and Trust stock opened at $8.07 on Wednesday. Carter Bank and Trust has a one year low of $6.44 and a one year high of $24.25. The business has a 50-day simple moving average of $7.73 and a 200 day simple moving average of $13.80.

Carter Bank and Trust Profile

Carter Bank & Trust provides a range of retail and commercial banking products and services in Virginia and North Carolina. It accepts checking, savings, retirement, and money market accounts, as well as longer-term certificates of deposit. The company also offers loans, such as secured and unsecured commercial loans; secured and unsecured consumer loans for financing automobiles, home improvements, education, and personal investments; real estate construction and acquisition loans; and fixed and variable rate mortgage loans.

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Institutional Ownership by Quarter for Carter Bank and Trust (NASDAQ:CARE)

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