StockNews.com Begins Coverage on Carver Bancorp (NASDAQ:CARV)

StockNews.com began coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research report released on Wednesday morning. The firm issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Trading Down 3.1 %

NASDAQ:CARV opened at $1.58 on Wednesday. The stock’s 50 day moving average price is $1.58 and its 200 day moving average price is $1.70. The company has a market capitalization of $7.88 million, a PE ratio of -1.58 and a beta of 1.15. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.32. Carver Bancorp has a 52-week low of $1.15 and a 52-week high of $4.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Carver Bancorp stock. American Express Co purchased a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 holding. American Express Co owned about 2.74% of Carver Bancorp as of its most recent SEC filing. 18.20% of the stock is owned by institutional investors.

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.