Carolina Trust Bancshares (CART) Upgraded at ValuEngine

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ValuEngine upgraded shares of Carolina Trust Bancshares (NASDAQ:CART) from a sell rating to a hold rating in a report released on Monday, ValuEngine reports.

NASDAQ:CART opened at $8.34 on Monday. Carolina Trust Bancshares has a 12 month low of $7.20 and a 12 month high of $9.35. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.52. The company has a market cap of $61.90 million, a price-to-earnings ratio of 15.73 and a beta of 0.40.

Carolina Trust Bancshares (NASDAQ:CART) last posted its quarterly earnings data on Tuesday, January 29th. The bank reported $0.16 EPS for the quarter. Carolina Trust Bancshares had a return on equity of 8.14% and a net margin of 13.17%. The company had revenue of $4.60 million during the quarter.

A number of large investors have recently bought and sold shares of CART. Carroll Financial Associates Inc. increased its stake in Carolina Trust Bancshares by 148.9% during the 1st quarter. Carroll Financial Associates Inc. now owns 3,634 shares of the bank’s stock worth $29,000 after buying an additional 2,174 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Carolina Trust Bancshares during the 4th quarter worth approximately $92,000. Aspire Private Capital LLC purchased a new stake in Carolina Trust Bancshares during the 4th quarter worth approximately $210,000. Vanguard Group Inc increased its stake in Carolina Trust Bancshares by 51.1% during the 3rd quarter. Vanguard Group Inc now owns 48,186 shares of the bank’s stock worth $396,000 after buying an additional 16,298 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Carolina Trust Bancshares by 51.1% during the 3rd quarter. Vanguard Group Inc. now owns 48,186 shares of the bank’s stock worth $396,000 after buying an additional 16,298 shares in the last quarter. Institutional investors own 32.33% of the company’s stock.

About Carolina Trust Bancshares

Carolina Trust BancShares, Inc operates as the bank holding company for Carolina Trust Bank, a state chartered bank that provides commercial banking products and services for individuals and businesses. It offers non-interest bearing checking accounts, interest bearing checking and savings accounts, money market accounts, and certificates of deposit; commercial, installment, residential mortgage, home equity lines, commercial real estate, and personal loans; safe deposit boxes; and other associated services.

Further Reading: Support Level

To view ValuEngine’s full report, visit ValuEngine’s official website.

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