Carver Bancorp (NASDAQ:CARV) Now Covered by

Equities research analysts at initiated coverage on shares of Carver Bancorp (NASDAQ:CARVGet Free Report) in a research note issued on Sunday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Stock Performance

Shares of CARV stock opened at $1.83 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.82. The business has a 50 day moving average of $1.85 and a two-hundred day moving average of $1.99. Carver Bancorp has a 52 week low of $1.15 and a 52 week high of $5.36. The company has a market cap of $9.00 million, a P/E ratio of -1.46 and a beta of 1.21.

Carver Bancorp (NASDAQ:CARVGet Free Report) last issued its earnings results on Tuesday, November 14th. The savings and loans company reported ($0.33) EPS for the quarter. Carver Bancorp had a negative net margin of 16.26% and a negative return on equity of 29.89%. The company had revenue of $6.86 million during the quarter.

Hedge Funds Weigh In On Carver Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in CARV. American Express Co acquired a new position in shares of Carver Bancorp during the fourth quarter worth approximately $266,000. Renaissance Technologies LLC bought a new stake in Carver Bancorp during the first quarter worth approximately $566,000. Calton & Associates Inc. bought a new stake in Carver Bancorp during the fourth quarter worth approximately $44,000. Vanguard Group Inc. raised its holdings in Carver Bancorp by 11.7% during the third quarter. Vanguard Group Inc. now owns 203,094 shares of the savings and loans company’s stock worth $441,000 after purchasing an additional 21,293 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Carver Bancorp during the second quarter worth approximately $33,000. 25.00% of the stock is currently owned by institutional investors and hedge funds.

Carver Bancorp Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Carver Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carver Bancorp and related companies with's FREE daily email newsletter.