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

Investment analysts at StockNews.com assumed coverage on shares of Carver Bancorp (NASDAQ:CARVGet Free Report) in a research report issued on Sunday. The firm set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Trading Up 8.9 %

Shares of CARV opened at $1.83 on Friday. Carver Bancorp has a 52-week low of $1.15 and a 52-week high of $5.36. The business’s fifty day moving average is $1.85 and its 200-day moving average is $1.99. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $9.00 million, a price-to-earnings ratio of -1.46 and a beta of 1.21.

Carver Bancorp (NASDAQ:CARVGet Free Report) last released its quarterly earnings data on Tuesday, November 14th. The savings and loans company reported ($0.33) earnings per share for the quarter. The firm had revenue of $6.86 million for the quarter. Carver Bancorp had a negative net margin of 16.26% and a negative return on equity of 29.89%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC bought a new stake in Carver Bancorp during the 2nd quarter worth approximately $33,000. Calton & Associates Inc. bought a new stake in Carver Bancorp during the 4th quarter worth approximately $44,000. Renaissance Technologies LLC increased its holdings in Carver Bancorp by 36.9% during the 1st quarter. Renaissance Technologies LLC now owns 50,776 shares of the savings and loans company’s stock worth $203,000 after purchasing an additional 13,676 shares in the last quarter. Geode Capital Management LLC increased its holdings in Carver Bancorp by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 62,020 shares of the savings and loans company’s stock worth $254,000 after purchasing an additional 2,528 shares in the last quarter. Finally, American Express Co bought a new stake in Carver Bancorp during the 4th quarter worth approximately $266,000. 25.00% of the stock is 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.

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