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

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

Carver Bancorp Stock Up 3.6 %

CARV stock opened at $1.41 on Wednesday. The company’s 50 day moving average price is $1.71 and its 200 day moving average price is $1.71. The firm has a market capitalization of $7.03 million, a price-to-earnings ratio of -1.41 and a beta of 1.13. Carver Bancorp has a fifty-two week low of $1.15 and a fifty-two week high of $3.03. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.05 and a current ratio of 1.05.

Institutional Trading of Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Calton & Associates Inc. acquired a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 as of its most recent filing with the Securities & Exchange Commission. 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.