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

Investment analysts at StockNews.com started coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research note issued on Tuesday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Trading Down 5.3 %

CARV opened at $1.57 on Tuesday. The company’s 50 day moving average is $1.60 and its 200-day moving average is $1.71. Carver Bancorp has a 1-year low of $1.15 and a 1-year high of $5.13. 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 $7.83 million, a P/E ratio of -1.57 and a beta of 1.15.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Carver Bancorp stock. American Express Co acquired a new stake in Carver Bancorp, Inc. (NASDAQ:CARV) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp comprises 0.0% of American Express Co’s holdings, making the stock its 4th biggest position. American Express Co owned approximately 2.74% of Carver Bancorp at the end of the most recent reporting period. 18.20% of the stock is 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.