Carolina Trust BancShares (NASDAQ:CART) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Shares of Carolina Trust BancShares (NASDAQ CART) traded up $0.05 during mid-day trading on Thursday, reaching $9.30. The company’s stock had a trading volume of 265 shares, compared to its average volume of 5,740. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.04 and a current ratio of 1.04. Carolina Trust BancShares has a 12 month low of $6.20 and a 12 month high of $12.00. The firm has a market capitalization of $43.05, a P/E ratio of 42.02 and a beta of 0.44.

Carolina Trust BancShares (NASDAQ:CART) last issued its earnings results on Friday, October 27th. The bank reported $0.07 EPS for the quarter. Carolina Trust BancShares had a return on equity of 3.87% and a net margin of 6.26%. The company had revenue of $3.91 million during the quarter.

A hedge fund recently raised its stake in Carolina Trust BancShares stock. Banc Funds Co. LLC grew its holdings in shares of Carolina Trust BancShares, Inc. (NASDAQ:CART) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 393,964 shares of the bank’s stock after buying an additional 20,000 shares during the period. Banc Funds Co. LLC owned 8.47% of Carolina Trust BancShares worth $2,947,000 as of its most recent filing with the Securities and Exchange Commission. 22.15% of the stock is currently owned by institutional investors.

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About Carolina Trust BancShares

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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