Carver Bancorp (NASDAQ:CARV) Research Coverage Started at started coverage on shares of Carver Bancorp (NASDAQ:CARVFree Report) in a research note published on Sunday morning. The brokerage issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Up 5.7 %

NASDAQ CARV opened at $1.68 on Friday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $8.27 million, a P/E ratio of -1.34 and a beta of 1.21. Carver Bancorp has a one year low of $1.15 and a one year high of $5.36. The stock has a 50 day moving average price of $1.85 and a 200-day moving average price of $2.00.

Carver Bancorp (NASDAQ:CARVGet Free Report) last posted its earnings results on Tuesday, November 14th. The savings and loans company reported ($0.33) EPS for the quarter. The firm had revenue of $6.86 million for the quarter. Carver Bancorp had a negative net margin of 16.26% and a negative return on equity of 29.89%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CARV. American Express Co bought a new position in shares of Carver Bancorp during the 4th quarter valued at approximately $266,000. Renaissance Technologies LLC purchased a new position in Carver Bancorp during the first quarter worth $566,000. Calton & Associates Inc. purchased a new position in Carver Bancorp during the fourth quarter worth $44,000. Vanguard Group Inc. boosted its stake in Carver Bancorp by 11.7% during the third quarter. Vanguard Group Inc. now owns 203,094 shares of the savings and loans company’s stock worth $441,000 after buying an additional 21,293 shares during the period. Finally, Citadel Advisors LLC purchased a new position in Carver Bancorp during the second quarter worth $33,000. 25.00% of the stock is currently owned by institutional investors.

Carver Bancorp Company Profile

(Get Free Report)

Carver Bancorp, Inc operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, non-profit organizations, and governmental and quasi-governmental agencies primarily in New York. It accepts various deposit products, including demand, savings, and time deposits; passbook and statement accounts, and certificates of deposit; and individual retirement accounts.

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