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

StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARVFree Report) in a research report report published on Tuesday morning. The brokerage issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Up 1.2 %

Carver Bancorp stock opened at $1.65 on Tuesday. The company’s 50 day simple moving average is $1.83 and its 200 day simple moving average is $1.93. Carver Bancorp has a fifty-two week low of $1.15 and a fifty-two week high of $5.36. The firm has a market capitalization of $8.23 million, a price-to-earnings ratio of -1.65 and a beta of 1.21. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.05 and a quick ratio of 1.05.

Institutional Trading of Carver Bancorp

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Carver Bancorp by 11.7% in the third quarter. Vanguard Group Inc. now owns 203,094 shares of the savings and loans company’s stock valued at $441,000 after purchasing an additional 21,293 shares during the last quarter. American Express Co acquired a new stake in shares of Carver Bancorp in the fourth quarter valued at approximately $266,000. Renaissance Technologies LLC acquired a new stake in shares of Carver Bancorp in the first quarter valued at approximately $566,000. Geode Capital Management LLC raised its holdings in shares of Carver Bancorp by 4.2% in the fourth 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 last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of Carver Bancorp by 29.3% in the fourth quarter. Citadel Advisors LLC now owns 37,198 shares of the savings and loans company’s stock valued at $73,000 after purchasing an additional 8,423 shares during the last quarter. 25.00% of the stock is currently owned by institutional investors and hedge funds.

Carver Bancorp Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Carver Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carver Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.