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

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

Carver Bancorp Trading Up 1.5 %

Shares of Carver Bancorp stock opened at $1.73 on Friday. The firm has a market capitalization of $8.81 million, a PE ratio of -0.90 and a beta of 1.13. Carver Bancorp has a twelve month low of $1.26 and a twelve month high of $2.39. The firm’s 50-day moving average price is $1.80 and its 200 day moving average price is $1.82. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.63.

Carver Bancorp (NASDAQ:CARV) last released its earnings results on Thursday, February 13th. The savings and loans company reported ($1.09) earnings per share for the quarter. Carver Bancorp had a negative return on equity of 59.15% and a negative net margin of 24.99%.

Insiders Place Their Bets

In other news, CEO Donald Felix purchased 26,946 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was acquired at an average price of $1.67 per share, for a total transaction of $44,999.82. Following the acquisition, the chief executive officer now directly owns 26,946 shares of the company’s stock, valued at approximately $44,999.82. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.32% of the company’s stock.

Institutional Trading of Carver Bancorp

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC lifted its position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,600 shares of the savings and loans company’s stock after buying an additional 6,000 shares during the period. Renaissance Technologies LLC owned approximately 1.05% of Carver Bancorp worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.20% of the stock is currently owned by institutional investors and hedge funds.

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.