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

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

Carver Bancorp Trading Up 0.4 %

NASDAQ CARV opened at $1.39 on Tuesday. Carver Bancorp has a 12 month low of $1.26 and a 12 month 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. The stock’s fifty day moving average price is $1.67 and its 200-day moving average price is $1.75. The stock has a market cap of $7.08 million, a P/E ratio of -0.72 and a beta of 1.12.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Carver Bancorp stock. Cantor Fitzgerald L. P. purchased a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned about 0.68% of Carver Bancorp as of its most recent SEC filing. 18.20% of the stock is owned by institutional investors and hedge funds.

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.