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

CART opened at $8.65 on Monday. The firm has a market capitalization of $61.00 million, a PE ratio of 15.50 and a beta of 0.40. 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.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new stake in shares of Carolina Trust Bancshares during the fourth quarter worth $92,000. Aspire Private Capital LLC purchased a new stake in shares of Carolina Trust Bancshares during the fourth quarter worth $210,000. Vanguard Group Inc raised its holdings in shares of Carolina Trust Bancshares by 51.1% during the third quarter. Vanguard Group Inc now owns 48,186 shares of the bank’s stock worth $396,000 after acquiring an additional 16,298 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Carolina Trust Bancshares by 51.1% during the third quarter. Vanguard Group Inc. now owns 48,186 shares of the bank’s stock worth $396,000 after acquiring an additional 16,298 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Carolina Trust Bancshares by 13.1% during the third quarter. Alliancebernstein L.P. now owns 352,004 shares of the bank’s stock worth $2,893,000 after acquiring an additional 40,661 shares in the last quarter. Institutional investors own 32.33% of the company’s stock.

Carolina Trust Bancshares Company Profile

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: Are sell-side analysts objective?

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

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