Carver Bancorp (NASDAQ:CARV) Stock Rating Upgraded by StockNews.com

Carver Bancorp (NASDAQ:CARVGet Rating) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Shares of CARV opened at $6.17 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 0.99. Carver Bancorp has a one year low of $5.98 and a one year high of $42.50. The company has a 50-day simple moving average of $8.33 and a two-hundred day simple moving average of $8.15.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Schonfeld Strategic Advisors LLC purchased a new position in shares of Carver Bancorp during the third quarter valued at approximately $215,000. Maltese Capital Management LLC lifted its holdings in shares of Carver Bancorp by 133.3% during the fourth quarter. Maltese Capital Management LLC now owns 35,000 shares of the savings and loans company’s stock valued at $299,000 after purchasing an additional 20,000 shares during the last quarter. Geode Capital Management LLC purchased a new position in shares of Carver Bancorp during the third quarter valued at approximately $973,000. Renaissance Technologies LLC purchased a new position in shares of Carver Bancorp during the first quarter valued at approximately $566,000. Finally, Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Carver Bancorp during the fourth quarter valued at approximately $775,000. Institutional investors and hedge funds own 21.28% of the company’s stock.

Carver Bancorp Company Profile (Get Rating)

Carver Bancorp, Inc operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, 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.

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