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

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

Carver Bancorp Stock Down 1.4 %

CARV stock opened at $1.39 on Monday. Carver Bancorp has a fifty-two week low of $1.26 and a fifty-two week high of $2.39. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $7.10 million, a price-to-earnings ratio of -0.72 and a beta of 1.12. The business’s fifty day moving average price is $1.70 and its two-hundred day moving average price is $1.77.

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 net margin of 24.99% and a negative return on equity of 59.15%.

Institutional Investors Weigh In On Carver Bancorp

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC raised its stake in Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,600 shares of the savings and loans company’s stock after acquiring an additional 6,000 shares during the period. Renaissance Technologies LLC owned approximately 1.05% of Carver Bancorp worth $99,000 at the end of the most recent quarter. Institutional investors own 18.20% of the company’s stock.

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.