Carver Bancorp (NASDAQ:CARV) Coverage Initiated by Analysts at StockNews.com

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

Carver Bancorp Stock Down 0.3 %

Shares of NASDAQ:CARV opened at $1.43 on Wednesday. The stock’s 50-day moving average is $1.62 and its 200 day moving average is $1.73. The company has a market cap of $7.31 million, a PE ratio of -0.74 and a beta of 1.12. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.03 and a quick ratio of 1.03. Carver Bancorp has a 1 year low of $1.26 and a 1 year high of $2.39.

Carver Bancorp (NASDAQ:CARV) last issued 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 return on equity of 59.15% and a negative net margin of 24.99%.

Institutional Investors Weigh In On Carver Bancorp

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC increased its stake in Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% in the fourth quarter, according to the company in its most recent Form 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 buying an additional 6,000 shares during the period. Renaissance Technologies LLC owned 1.05% of Carver Bancorp worth $99,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.20% of the company’s stock.

About Carver Bancorp

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.