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

Analysts at StockNews.com started coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report issued on Sunday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

Shares of NASDAQ CARV opened at $1.94 on Friday. The stock has a market cap of $9.87 million, a PE ratio of -1.94 and a beta of 1.12. Carver Bancorp has a fifty-two week low of $1.15 and a fifty-two week high of $2.97. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average of $1.69 and a 200-day moving average of $1.69.

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

Hedge Funds Weigh In On Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Calton & Associates Inc. bought a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 22,150 shares of the savings and loans company’s stock, valued at approximately $44,000. Calton & Associates Inc. owned approximately 0.45% of Carver Bancorp as of its most recent SEC filing. Hedge funds and other institutional investors 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.