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

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

Carver Bancorp Price Performance

Carver Bancorp stock opened at $1.41 on Tuesday. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $7.21 million, a price-to-earnings ratio of -0.73 and a beta of 1.12. The firm has a 50-day moving average of $1.65 and a two-hundred day moving average of $1.74. Carver Bancorp has a 1 year low of $1.26 and a 1 year high of $2.39.

Carver Bancorp (NASDAQ:CARV) last announced its quarterly earnings results on Thursday, February 13th. The savings and loans company reported ($1.09) earnings per share (EPS) for the quarter. Carver Bancorp had a negative net margin of 24.99% and a negative return on equity of 59.15%.

Institutional Investors Weigh In On Carver Bancorp

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC boosted its stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,600 shares of the savings and loans company’s stock after buying an additional 6,000 shares during the period. Renaissance Technologies LLC owned 1.05% of Carver Bancorp worth $99,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.