Carver Bancorp (NASDAQ:CARV) Research Coverage Started at StockNews.com

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

Carver Bancorp Trading Up 1.3 %

Carver Bancorp stock opened at $1.59 on Monday. The company’s fifty day simple moving average is $1.60 and its 200-day simple moving average is $1.72. 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 12 month low of $1.15 and a 12 month high of $5.18. The stock has a market cap of $7.93 million, a P/E ratio of -1.59 and a beta of 1.15.

Hedge Funds Weigh In On Carver Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in Carver Bancorp in the second quarter worth $33,000. Calton & Associates Inc. bought a new stake in Carver Bancorp in the fourth quarter worth $44,000. Renaissance Technologies LLC boosted its holdings in Carver Bancorp by 36.9% in the first 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 boosted its holdings in 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 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 in the fourth quarter worth $266,000. 18.20% of the stock is currently owned by hedge funds and other institutional investors.

Carver Bancorp Company Profile

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.