Carver Bancorp (NASDAQ:CARV) Coverage Initiated by Analysts at StockNews.com

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

Carver Bancorp Stock Up 0.7 %

CARV opened at $1.40 on Thursday. The business has a 50 day simple moving average of $1.55 and a 200-day simple moving average of $1.70. 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 $7.15 million, a P/E ratio of -0.73 and a beta of 1.11. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.03 and a quick ratio of 1.03.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Carver Bancorp stock. Cantor Fitzgerald L. P. purchased a new position in Carver Bancorp, Inc. (NASDAQ:CARV) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned 0.68% of Carver Bancorp at the end of the most recent reporting period. 18.20% of the stock is 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.