Carver Bancorp (NASDAQ:CARV – Get 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, 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.
See Also
- Get a free copy of the StockNews.com research report on Carver Bancorp (CARV)
- It’s A Comfortable Time To Buy Steelcase
- Worthington Posts Strong Results, But Earnings Fall On One-Off Adjustments
- A Tasty Entry Point Into Darden Restaurants International
- NXP Semiconductors: Strong Earnings & New Microcontrollers for Electric Vehicles
- Lithium Stocks Are Offering Unprecedented Opportunity To Investors
Receive News & Ratings for Carver Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carver Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
