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

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

Carver Bancorp Price Performance

Shares of NASDAQ:CARV opened at $1.76 on Thursday. The company has a 50 day moving average of $1.81 and a 200 day moving average of $1.83. The stock has a market cap of $8.99 million, a P/E ratio of -2.12 and a beta of 1.13. Carver Bancorp has a 12 month low of $1.26 and a 12 month high of $2.39. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.11.

Carver Bancorp (NASDAQ:CARV) last released its quarterly earnings results on Thursday, February 13th. The savings and loans company reported ($1.09) EPS for the quarter. Carver Bancorp had a negative return on equity of 22.33% and a negative net margin of 9.98%.

Insiders Place Their Bets

In related news, CEO Donald Felix purchased 26,946 shares of the business’s stock in a transaction on Monday, November 25th. The stock was acquired at an average price of $1.67 per share, with a total value of $44,999.82. Following the purchase, the chief executive officer now directly owns 26,946 shares in the company, valued at approximately $44,999.82. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.32% of the company’s stock.

Institutional Investors Weigh In On Carver Bancorp

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC lifted its holdings in Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 53,600 shares of the savings and loans company’s stock after acquiring an additional 6,000 shares during the quarter. Renaissance Technologies LLC owned 1.05% of Carver Bancorp worth $99,000 at the end of the most recent quarter. 18.20% of the stock is currently owned by institutional investors and hedge funds.

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.