EJF Capital Boosts Stake in Carter Bankshares

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EJF Capital LLC, an investment management firm, has increased its stake in Carter Bankshares, Inc. (NASDAQ:CARE) by 23.9% during the third quarter of 2025, according to a recent SEC filing. The firm now owns 160,505 shares of the regional bank's stock, representing 0.73% of Carter Bankshares' outstanding shares.

Why it matters

The increased investment by EJF Capital, a prominent institutional investor, signals confidence in Carter Bankshares' growth prospects and financial performance. As a regional bank serving southeastern Virginia and northeastern North Carolina, Carter Bankshares' performance is seen as an indicator of economic conditions in its local markets.

The details

According to the 13F filing, EJF Capital purchased an additional 30,963 shares of Carter Bankshares during the third quarter, bringing its total position to 160,505 shares. The investment firm now owns 0.73% of the company's outstanding stock, up from 0.59% in the prior quarter. Carter Bankshares provides a range of commercial and retail banking services to individuals, small and mid-sized businesses, and nonprofit organizations in its regional markets.

• EJF Capital increased its stake in Carter Bankshares during the 3rd quarter of 2025.