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

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

Carver Bancorp Trading Up 1.5 %

Carver Bancorp stock opened at $1.73 on Friday. The stock has a 50-day moving average of $1.80 and a two-hundred day moving average of $1.82. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.03 and a current ratio of 1.03. Carver Bancorp has a one year low of $1.26 and a one year high of $2.39. The stock has a market cap of $8.81 million, a PE ratio of -0.90 and a beta of 1.13.

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 Inflows and Outflows

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC lifted its position in Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,600 shares of the savings and loans company’s stock after purchasing an additional 6,000 shares during the quarter. Renaissance Technologies LLC owned about 1.05% of Carver Bancorp worth $99,000 as of its most recent SEC filing. 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.