Carver Bancorp (NASDAQ:CARV) Coverage Initiated by Analysts at StockNews.com

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

Carver Bancorp Trading Down 2.7 %

CARV stock opened at $1.51 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.63. Carver Bancorp has a 52-week low of $1.26 and a 52-week high of $2.39. The company’s 50-day simple moving average is $1.76 and its 200-day simple moving average is $1.79. The firm has a market cap of $7.72 million, a P/E ratio of -0.79 and a beta of 1.12.

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

Institutional Investors Weigh In On Carver Bancorp

A hedge fund recently raised its stake in Carver Bancorp stock. Renaissance Technologies LLC grew its stake in Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,600 shares of the savings and loans company’s stock after purchasing an additional 6,000 shares during the quarter. Renaissance Technologies LLC owned approximately 1.05% of Carver Bancorp worth $99,000 as of its most recent SEC filing. 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.