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

StockNews.com assumed coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research report sent to investors on Saturday. The brokerage issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Up 5.6 %

Shares of CARV stock opened at $1.38 on Friday. The stock has a market cap of $7.07 million, a P/E ratio of -0.72 and a beta of 1.11. Carver Bancorp has a one year low of $1.30 and a one year high of $2.39. The stock has a fifty day moving average price of $1.46 and a 200 day moving average price of $1.66. 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 (NASDAQ:CARV) last issued its 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

An institutional investor recently bought a new position in Carver Bancorp stock. Cantor Fitzgerald L. P. acquired a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned about 0.68% of Carver Bancorp at the end of the most recent quarter. Institutional investors own 18.20% of the company’s stock.

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.