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

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

Carver Bancorp Trading Up 1.4 %

Shares of Carver Bancorp stock opened at $1.42 on Thursday. Carver Bancorp has a 12-month low of $1.26 and a 12-month high of $2.39. The stock has a market capitalization of $7.25 million, a P/E ratio of -0.74 and a beta of 1.11. The company has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $1.70. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.63.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 the company in its most recent disclosure with the Securities and Exchange Commission. 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 approximately 0.68% of Carver Bancorp as of its most recent filing with the Securities and Exchange Commission. 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.