Carver Bancorp (NASDAQ:CARV) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Carver Bancorp (NASDAQ:CARV – Get Rating) in a research note issued on Sunday. The firm set a “hold” rating on the savings and loans company’s stock.

Carver Bancorp Stock Performance

NASDAQ CARV opened at $4.00 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.57. The company has a 50 day moving average price of $4.24 and a 200 day moving average price of $4.30. Carver Bancorp has a 52 week low of $3.62 and a 52 week high of $12.30.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Calton & Associates Inc. increased its stake in Carver Bancorp by 91.2% during the 4th quarter. Calton & Associates Inc. now owns 19,500 shares of the savings and loans company’s stock valued at $80,000 after purchasing an additional 9,300 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Carver Bancorp by 36.9% in the 1st quarter. Renaissance Technologies LLC now owns 50,776 shares of the savings and loans company’s stock valued at $203,000 after acquiring an additional 13,676 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Carver Bancorp by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 62,020 shares of the savings and loans company’s stock valued at $254,000 after acquiring an additional 2,528 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Carver Bancorp by 15.4% in the 3rd quarter. Vanguard Group Inc. now owns 154,733 shares of the savings and loans company’s stock valued at $619,000 after acquiring an additional 20,605 shares during the last quarter. Institutional investors and hedge funds own 19.37% of the company’s stock.

About Carver Bancorp

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Carver Bancorp, Inc is a holding company, which engages in the provision of consumer and commercial banking services. Through Carver Federal Savings Bank, it offers deposit products, including demand, savings, time deposits for consumers, businesses, governmental and quasi-governmental agencies. Carver Bancorp was founded in May 1996 and is headquartered in New York, NY.