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

StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research note published on Thursday morning. The firm issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Performance

NASDAQ CARV opened at $1.95 on Thursday. Carver Bancorp has a twelve month low of $1.15 and a twelve month high of $2.97. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.26. The stock has a market cap of $9.72 million, a P/E ratio of -1.95 and a beta of 1.11. The company’s 50-day simple moving average is $1.76 and its 200 day simple moving average is $1.70.

Carver Bancorp (NASDAQ:CARV) last released its quarterly earnings data on Tuesday, July 16th. The savings and loans company reported $0.01 earnings per share for the quarter. Carver Bancorp had a negative return on equity of 15.68% and a negative net margin of 7.31%. The company had revenue of $8.15 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Carver Bancorp stock. Calton & Associates Inc. purchased a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 as of its most recent SEC filing. 18.20% of the stock is currently owned by institutional investors and hedge funds.

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.