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 sent to investors on Saturday morning. The brokerage issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Performance

CARV opened at $1.60 on Friday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $8.18 million, a price-to-earnings ratio of -0.83 and a beta of 1.13. The company has a fifty day moving average of $1.79 and a 200 day moving average of $1.81. Carver Bancorp has a fifty-two week low of $1.26 and a fifty-two week 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 net margin of 24.99% and a negative return on equity of 59.15%.

Institutional Trading of Carver Bancorp

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC increased its holdings in Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,600 shares of the savings and loans company’s stock after purchasing 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 and hedge funds 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.