Carver Bancorp (NASDAQ:CARV) Stock Crosses Below Two Hundred Day Moving Average of $2.81

Carver Bancorp, Inc. (NASDAQ:CARV)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.81 and traded as low as $1.50. Carver Bancorp shares last traded at $1.50, with a volume of 32,472 shares.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Carver Bancorp in a report on Tuesday. They set a “sell” rating on the stock.

Carver Bancorp Stock Down 0.7 %

The stock has a market capitalization of $7.24 million, a price-to-earnings ratio of -1.32 and a beta of 1.24. The business has a fifty day moving average of $1.99 and a 200 day moving average of $2.81. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.06 and a quick ratio of 1.06.

Carver Bancorp (NASDAQ:CARV) last released its quarterly earnings data on Monday, August 14th. The savings and loans company reported ($0.32) EPS for the quarter. Carver Bancorp had a negative net margin of 15.15% and a negative return on equity of 25.06%. The business had revenue of $6.26 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CARV. Renaissance Technologies LLC acquired a new position in Carver Bancorp during the first quarter worth $566,000. Vanguard Group Inc. lifted its stake in Carver Bancorp by 15.4% during the third quarter. Vanguard Group Inc. now owns 154,733 shares of the savings and loans company’s stock worth $619,000 after purchasing an additional 20,605 shares in the last quarter. Geode Capital Management LLC lifted its stake in Carver Bancorp by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 62,020 shares of the savings and loans company’s stock worth $254,000 after purchasing an additional 2,528 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in Carver Bancorp during the second quarter worth $33,000. 25.00% of the stock is currently owned by institutional investors and hedge funds.

About Carver Bancorp

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.