Carver Bancorp (NASDAQ:CARV) Now Covered by StockNews.com

Stock analysts at StockNews.com started coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report released on Monday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Trading Up 11.6 %

NASDAQ:CARV opened at $1.44 on Monday. Carver Bancorp has a 1 year low of $1.15 and a 1 year high of $5.36. The stock has a market cap of $7.19 million, a price-to-earnings ratio of -1.44 and a beta of 1.15. The business has a fifty day moving average of $1.60 and a 200-day moving average of $1.72. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.05 and a current ratio of 1.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC bought a new position in Carver Bancorp during the second quarter valued at about $33,000. Calton & Associates Inc. acquired a new position in shares of Carver Bancorp in the 4th quarter valued at $44,000. Renaissance Technologies LLC boosted its position 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 purchasing an additional 13,676 shares during the period. Geode Capital Management LLC boosted its position 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 purchasing an additional 2,528 shares during the period. Finally, American Express Co acquired a new position in shares of Carver Bancorp in the 4th quarter valued at $266,000. Institutional investors own 18.20% of the company’s stock.

About Carver Bancorp

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.