Carolina Trust BancShares, Inc. (CART) Director Acquires $12,817.35 in Stock
Carolina Trust BancShares, Inc. (NASDAQ:CART) Director Ralph N. Strayhorn III purchased 1,565 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were purchased at an average price of $8.19 per share, with a total value of $12,817.35. Following the completion of the acquisition, the director now directly owns 839 shares of the company’s stock, valued at $6,871.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Carolina Trust BancShares, Inc. (CART) remained flat at $8.20 during midday trading on Tuesday. 1 shares of the stock were exchanged. The company has a market capitalization of $38.16 million, a P/E ratio of 48.52 and a beta of 0.50. The stock has a 50 day moving average price of $8.25 and a 200-day moving average price of $7.68. Carolina Trust BancShares, Inc. has a 12 month low of $6.05 and a 12 month high of $12.00.
Carolina Trust BancShares (NASDAQ:CART) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.04 earnings per share for the quarter. The company had revenue of $3.76 million for the quarter. Carolina Trust BancShares had a net margin of 4.93% and a return on equity of 2.92%.
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An institutional investor recently raised its position in Carolina Trust BancShares stock. Banc Funds Co. LLC lifted its position in shares of Carolina Trust BancShares, Inc. (NASDAQ:CART) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 393,964 shares of the bank’s stock after purchasing an additional 20,000 shares during the period. Banc Funds Co. LLC owned 8.47% of Carolina Trust BancShares worth $2,947,000 at the end of the most recent quarter. Institutional investors and hedge funds own 22.16% of the company’s stock.
Carolina Trust BancShares Company Profile
Carolina Trust Bank (the Bank) is a state-chartered bank. The primary purpose of the Bank is to serve the banking needs of individuals and businesses in Lincoln County and surrounding areas. The Bank is a community-focused financial institution offering a range of financial services to small to medium-sized businesses, professionals and individual consumers in its community.
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