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

StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARVFree Report) in a research note issued to investors on Sunday morning. The firm issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

CARV opened at $1.68 on Friday. The company has a market capitalization of $8.27 million, a price-to-earnings ratio of -1.34 and a beta of 1.21. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.82. The firm has a 50-day moving average price of $1.85 and a 200-day moving average price of $2.00. Carver Bancorp has a twelve month low of $1.15 and a twelve month high of $5.36.

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

Institutional Investors Weigh In On Carver Bancorp

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Carver Bancorp by 11.7% during the third quarter. Vanguard Group Inc. now owns 203,094 shares of the savings and loans company’s stock valued at $441,000 after purchasing an additional 21,293 shares during the last quarter. American Express Co bought a new stake in Carver Bancorp during the fourth quarter valued at approximately $266,000. Renaissance Technologies LLC bought a new stake in Carver Bancorp during the first quarter valued at approximately $566,000. Geode Capital Management LLC lifted its position in Carver Bancorp by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 62,020 shares of the savings and loans company’s stock valued at $254,000 after purchasing an additional 2,528 shares during the last quarter. Finally, Calton & Associates Inc. bought a new stake in Carver Bancorp during the fourth quarter valued at approximately $44,000. 25.00% of the stock is currently owned by institutional investors.

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.

Read More

Receive News & Ratings for Carver Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carver Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.