DA Davidson began coverage on shares of Carter Bank and Trust (NASDAQ:CARE) in a report released on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $22.00 price objective on the stock.
Separately, FIG Partners began coverage on Carter Bank and Trust in a research note on Monday, April 15th. They set a market perform rating and a $21.00 price objective on the stock.
CARE opened at $19.80 on Wednesday. Carter Bank and Trust has a 52 week low of $14.45 and a 52 week high of $21.14. The firm’s fifty day moving average is $19.76.
Institutional investors and hedge funds have recently bought and sold shares of the stock. ELCO Management Co. LLC acquired a new stake in shares of Carter Bank and Trust during the first quarter valued at $399,000. M3F Inc. acquired a new stake in shares of Carter Bank and Trust during the first quarter valued at $422,000. Salzhauer Michael acquired a new stake in Carter Bank and Trust in the 1st quarter worth about $514,000. Permanens Capital L.P. acquired a new stake in Carter Bank and Trust in the 1st quarter worth about $950,000. Finally, Banc Funds Co. LLC acquired a new stake in Carter Bank and Trust in the 1st quarter worth about $1,274,000. 16.17% of the stock is currently owned by institutional investors and hedge funds.
Carter Bank and Trust Company 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.
Read More: Book Value Per Share – BVPS
Receive News & Ratings for Carter Bank and Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter Bank and Trust and related companies with MarketBeat.com's FREE daily email newsletter.