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

Research analysts at StockNews.com assumed coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report issued on Friday. The firm set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

Shares of NASDAQ:CARV opened at $1.70 on Friday. The firm has a market cap of $8.69 million, a price-to-earnings ratio of -0.89 and a beta of 1.13. The firm has a fifty day moving average price of $1.81 and a 200 day moving average price of $1.82. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.03 and a current ratio of 1.03. Carver Bancorp has a fifty-two week low of $1.26 and a fifty-two week high of $2.39.

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

Insiders Place Their Bets

In related news, CEO Donald Felix acquired 26,946 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of $1.67 per share, with a total value of $44,999.82. Following the transaction, the chief executive officer now directly owns 26,946 shares of the company’s stock, valued at $44,999.82. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Cantor Fitzgerald L. P. purchased a new stake in Carver Bancorp, Inc. (NASDAQ:CARV) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned 0.68% of Carver Bancorp as of its most recent filing with the SEC. 18.20% of the stock is owned by hedge funds and other institutional investors.

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.