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

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

Carver Bancorp Stock Performance

CARV opened at $1.39 on Wednesday. The business has a 50 day moving average price of $1.60 and a two-hundred day moving average price of $1.73. 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 company has a market capitalization of $7.08 million, a price-to-earnings ratio of -0.72 and a beta of 1.12. Carver Bancorp has a 1-year low of $1.26 and a 1-year high of $2.39.

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 for the quarter. Carver Bancorp had a negative net margin of 24.99% and a negative return on equity of 59.15%.

Institutional Trading of Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Cantor Fitzgerald L. P. bought a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned approximately 0.68% of Carver Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC). 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.