Carver Bancorp (NASDAQ:CARV) Research Coverage Started at StockNews.com

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

Carver Bancorp Price Performance

Shares of CARV opened at $1.37 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.63. Carver Bancorp has a fifty-two week low of $1.30 and a fifty-two week high of $2.39. The company has a market cap of $6.98 million, a P/E ratio of -0.71 and a beta of 1.11. The firm’s 50 day moving average price is $1.51 and its 200 day moving average price is $1.68.

Carver Bancorp (NASDAQ:CARV) last announced its quarterly earnings data on Thursday, February 13th. The savings and loans company reported ($1.09) earnings per share (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

A hedge fund recently bought a new stake in Carver Bancorp stock. Cantor Fitzgerald L. P. purchased a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned about 0.68% 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.

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.