Carver Bancorp (NASDAQ:CARV) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARVFree Report) in a research report released on Saturday. The brokerage issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Down 3.8 %

Shares of CARV stock opened at $1.53 on Friday. The firm has a fifty day moving average of $1.72 and a 200-day moving average of $1.79. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.32. Carver Bancorp has a 12-month low of $1.15 and a 12-month high of $5.36. The company has a market capitalization of $7.63 million, a price-to-earnings ratio of -1.53 and a beta of 1.16.

Institutional Investors Weigh In On Carver Bancorp

Large investors have recently made changes to their positions in the stock. American Express Co bought a new position in Carver Bancorp in the fourth quarter valued at $266,000. Renaissance Technologies LLC bought a new position in Carver Bancorp in the first quarter valued at $566,000. Calton & Associates Inc. bought a new position in Carver Bancorp in the fourth quarter valued at $44,000. Vanguard Group Inc. grew its position in Carver Bancorp by 11.7% in the third quarter. Vanguard Group Inc. now owns 203,094 shares of the savings and loans company’s stock valued at $441,000 after purchasing an additional 21,293 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in Carver Bancorp in the second quarter valued at $33,000. Institutional investors own 18.20% of the company’s stock.

About Carver Bancorp

(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.

See Also

Receive News & Ratings for Carver Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carver Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.