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

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

Carver Bancorp Price Performance

Shares of NASDAQ CARV opened at $1.41 on Monday. The business has a fifty day moving average price of $1.71 and a two-hundred day moving average price of $1.77. The stock has a market capitalization of $7.21 million, a PE ratio of -0.73 and a beta of 1.12. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.03 and a quick ratio of 1.03. Carver Bancorp has a fifty-two week low of $1.26 and a fifty-two week high of $2.39.

Carver Bancorp (NASDAQ:CARV) last posted its quarterly earnings results on Thursday, February 13th. The savings and loans company reported ($1.09) EPS for the quarter. Carver Bancorp had a negative net margin of 24.99% and a negative return on equity of 59.15%.

Institutional Trading of Carver Bancorp

A hedge fund recently raised its stake in Carver Bancorp stock. Renaissance Technologies LLC raised its position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,600 shares of the savings and loans company’s stock after purchasing an additional 6,000 shares during the period. Renaissance Technologies LLC owned approximately 1.05% of Carver Bancorp worth $99,000 at the end of the most recent reporting period. 18.20% of the stock is currently owned by institutional investors and hedge funds.

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.