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

Equities researchers at StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research report issued to clients and investors on Saturday. The firm set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

NASDAQ CARV opened at $1.84 on Friday. Carver Bancorp has a fifty-two week low of $1.15 and a fifty-two week high of $3.03. The stock’s 50-day moving average is $1.68 and its two-hundred day moving average is $1.68. The firm has a market cap of $9.37 million, a P/E ratio of -1.84 and a beta of 1.11. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.05 and a quick ratio of 1.05.

Institutional Investors Weigh In On Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Calton & Associates Inc. acquired a new position in Carver Bancorp, Inc. (NASDAQ:CARV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,150 shares of the savings and loans company’s stock, valued at approximately $44,000. Calton & Associates Inc. owned about 0.45% of Carver Bancorp at the end of the most recent quarter. Institutional investors and hedge funds 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.