Carver Bancorp (NASDAQ:CARV) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research report issued to clients and investors on Sunday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Trading Up 0.6 %

CARV opened at $1.59 on Friday. The company’s 50 day moving average is $1.67 and its 200-day moving average is $1.76. Carver Bancorp has a 1-year low of $1.15 and a 1-year high of $5.36. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.32. The company has a market cap of $7.93 million, a P/E ratio of -1.59 and a beta of 1.15.

Institutional Investors Weigh In On Carver Bancorp

Several hedge funds have recently added to or reduced their stakes in CARV. Renaissance Technologies LLC acquired a new stake in Carver Bancorp during the 1st quarter worth approximately $566,000. Vanguard Group Inc. boosted its position in Carver Bancorp by 15.4% during the 3rd quarter. Vanguard Group Inc. now owns 154,733 shares of the savings and loans company’s stock worth $619,000 after buying an additional 20,605 shares during the period. Geode Capital Management LLC boosted its position in Carver Bancorp by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 62,020 shares of the savings and loans company’s stock worth $254,000 after buying an additional 2,528 shares during the period. Citadel Advisors LLC acquired a new stake in Carver Bancorp during the 2nd quarter worth approximately $33,000. Finally, American Express Co acquired a new stake in Carver Bancorp during the 4th quarter worth approximately $266,000. 18.20% of the stock is currently owned by institutional investors and hedge funds.

Carver Bancorp Company Profile

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.