StockNews.com Initiates Coverage on Carver Bancorp (NASDAQ:CARV)

StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report released on Thursday morning. The firm issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Trading Up 0.3 %

Shares of Carver Bancorp stock opened at $1.39 on Thursday. The firm’s 50 day simple moving average is $1.69 and its two-hundred day simple moving average is $1.70. The firm has a market capitalization of $6.94 million, a price-to-earnings ratio of -1.39 and a beta of 1.11. Carver Bancorp has a 12-month low of $1.15 and a 12-month high of $3.03. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.32.

Institutional Trading of Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. American Express Co bought a new stake in Carver Bancorp, Inc. (NASDAQ:CARV) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp comprises about 0.0% of American Express Co’s holdings, making the stock its 4th largest position. American Express Co owned approximately 2.74% of Carver Bancorp as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 18.20% of the company’s stock.

Carver Bancorp Company Profile

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.