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

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

Carver Bancorp Stock Performance

Shares of NASDAQ:CARV opened at $1.59 on Monday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50 day moving average price is $1.60 and its 200-day moving average price is $1.72. The firm has a market capitalization of $7.93 million, a PE ratio of -1.59 and a beta of 1.15. Carver Bancorp has a 1 year low of $1.15 and a 1 year high of $5.18.

Institutional Trading of Carver Bancorp

A number of institutional investors have recently made changes to their positions in CARV. Vanguard Group Inc. boosted its stake 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 buying an additional 21,293 shares during the last quarter. American Express Co acquired a new position in Carver Bancorp during the fourth quarter worth $266,000. Renaissance Technologies LLC acquired a new position in Carver Bancorp during the first quarter worth $566,000. Geode Capital Management LLC boosted its stake in Carver Bancorp by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 62,020 shares of the savings and loans company’s stock worth $254,000 after buying an additional 2,528 shares during the last quarter. Finally, Citadel Advisors LLC boosted its stake in Carver Bancorp by 29.3% during the fourth quarter. Citadel Advisors LLC now owns 37,198 shares of the savings and loans company’s stock worth $73,000 after buying an additional 8,423 shares during the last quarter. 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.