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

StockNews.com assumed coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report published on Tuesday. The firm issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Up 8.8 %

Shares of NASDAQ CARV opened at $1.60 on Tuesday. The stock’s fifty day moving average is $1.58 and its 200 day moving average is $1.70. The stock has a market capitalization of $7.98 million, a P/E ratio of -1.60 and a beta of 1.15. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.05 and a current ratio of 1.05. Carver Bancorp has a 52 week low of $1.15 and a 52 week high of $4.77.

Institutional Trading of Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Calton & Associates Inc. purchased a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 22,150 shares of the savings and loans company’s stock, valued at approximately $44,000. Calton & Associates Inc. owned approximately 0.45% of Carver Bancorp at the end of the most recent quarter. Institutional investors own 18.20% of the company’s stock.

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.