Carver Bancorp (NASDAQ:CARV) Cut to D at TheStreet

TheStreet cut shares of Carver Bancorp (NASDAQ:CARVGet Rating) from a c- rating to a d rating in a research report sent to investors on Wednesday morning, TheStreetRatingsTable reports.

Separately, StockNews.com assumed coverage on shares of Carver Bancorp in a research report on Wednesday, October 12th. They set a hold rating on the stock.

Carver Bancorp Stock Performance

NASDAQ:CARV opened at $4.29 on Wednesday. The firm’s 50-day moving average is $4.38 and its 200-day moving average is $6.09. Carver Bancorp has a 52-week low of $3.75 and a 52-week high of $15.25. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.01 and a current ratio of 1.01.

Carver Bancorp (NASDAQ:CARVGet Rating) last issued its earnings results on Monday, August 15th. The savings and loans company reported ($0.20) earnings per share for the quarter. Carver Bancorp had a net margin of 3.47% and a return on equity of 3.72%. The business had revenue of $6.52 million for the quarter.

Institutional Investors Weigh In On Carver Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Maltese Capital Management LLC boosted its holdings in shares of Carver Bancorp by 171.4% in the second quarter. Maltese Capital Management LLC now owns 95,000 shares of the savings and loans company’s stock valued at $547,000 after buying an additional 60,000 shares during the period. Renaissance Technologies LLC acquired a new position in Carver Bancorp during the first quarter worth $566,000. Fortem Financial Group LLC acquired a new position in Carver Bancorp during the third quarter worth $68,000. Finally, Calton & Associates Inc. acquired a new position in Carver Bancorp during the second quarter worth $58,000. 17.49% of the stock is owned by institutional investors.

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, 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.

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