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 released on Saturday morning. The firm issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Performance

NASDAQ:CARV opened at $1.31 on Friday. The stock has a 50 day simple moving average of $1.47 and a 200 day simple moving average of $1.66. The stock has a market cap of $6.69 million, a P/E ratio of -0.68 and a beta of 1.11. Carver Bancorp has a 1-year low of $1.30 and a 1-year high of $2.39. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.63.

Carver Bancorp (NASDAQ:CARV) last announced its 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 increased its position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,600 shares of the savings and loans company’s stock after acquiring an additional 6,000 shares during the period. Renaissance Technologies LLC owned about 1.05% of Carver Bancorp worth $99,000 as of its most recent filing with the Securities and Exchange Commission. 18.20% of the stock is currently owned by hedge funds and other institutional investors.

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.