Carver Bancorp (NASDAQ:CARV) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research note released on Wednesday. The brokerage issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

CARV opened at $2.00 on Wednesday. Carver Bancorp has a 1 year low of $1.15 and a 1 year high of $2.97. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $9.97 million, a price-to-earnings ratio of -2.00 and a beta of 1.11. The firm’s fifty day moving average price is $1.72 and its two-hundred day moving average price is $1.69.

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

Institutional Trading of Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Calton & Associates Inc. bought a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 reporting period. 18.20% of the stock is 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.