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

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

Carver Bancorp Trading Up 9.0 %

Shares of CARV opened at $1.57 on Monday. The company’s fifty day simple moving average is $1.60 and its 200-day simple moving average is $1.72. The company has a market cap of $7.83 million, a P/E ratio of -1.57 and a beta of 1.15. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.32. Carver Bancorp has a twelve month low of $1.15 and a twelve month high of $5.36.

Institutional Trading of Carver Bancorp

Several institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in shares of Carver Bancorp in the first quarter worth approximately $566,000. Vanguard Group Inc. lifted its position in shares of Carver Bancorp by 15.4% during the third quarter. Vanguard Group Inc. now owns 154,733 shares of the savings and loans company’s stock worth $619,000 after purchasing an additional 20,605 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Carver Bancorp by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 62,020 shares of the savings and loans company’s stock valued at $254,000 after purchasing an additional 2,528 shares during the period. Citadel Advisors LLC bought a new position in shares of Carver Bancorp in the second quarter worth about $33,000. Finally, American Express Co purchased a new position in Carver Bancorp in the 4th quarter worth about $266,000. 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.