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

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

Carver Bancorp Stock Down 2.6 %

Shares of NASDAQ:CARV opened at $1.52 on Wednesday. The firm has a market capitalization of $7.58 million, a PE ratio of -1.52 and a beta of 1.14. 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 $4.62. The firm has a fifty day moving average of $1.57 and a 200 day moving average of $1.69.

Hedge Funds Weigh In On Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Calton & Associates Inc. bought a new position in Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 reporting period. Hedge funds and other 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.