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 Wednesday. The firm set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Stock Up 1.1 %

Shares of NASDAQ CARV opened at $1.43 on Wednesday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $7.28 million, a P/E ratio of -0.74 and a beta of 1.12. The stock’s fifty day moving average is $1.62 and its 200 day moving average is $1.73. Carver Bancorp has a 52 week low of $1.26 and a 52 week high of $2.39.

Carver Bancorp (NASDAQ:CARV) last issued 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%.

Hedge Funds Weigh In On Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Cantor Fitzgerald L. P. acquired a new position in Carver Bancorp, Inc. (NASDAQ:CARV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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 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.