Carver Bancorp (NASDAQ:CARV) Receives New Coverage from Analysts at StockNews.com

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

Carver Bancorp Stock Performance

Shares of CARV stock opened at $1.41 on Wednesday. The firm has a market capitalization of $7.03 million, a price-to-earnings ratio of -1.41 and a beta of 1.13. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.32. The business’s 50-day moving average price is $1.71 and its 200-day moving average price is $1.71. Carver Bancorp has a 12 month low of $1.15 and a 12 month high of $3.03.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Carver Bancorp stock. American Express Co bought a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp accounts for about 0.0% of American Express Co’s investment portfolio, making the stock its 4th largest position. American Express Co owned approximately 2.74% of Carver Bancorp at the end of the most recent quarter. 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.