Carver Bancorp (NASDAQ:CARV) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research note issued on Monday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

Shares of NASDAQ CARV opened at $1.33 on Monday. Carver Bancorp has a fifty-two week low of $1.15 and a fifty-two week high of $5.36. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $6.63 million, a price-to-earnings ratio of -1.33 and a beta of 1.15. The business has a 50-day moving average of $1.61 and a 200-day moving average of $1.73.

Hedge Funds Weigh In On Carver Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of CARV. Renaissance Technologies LLC acquired a new stake in shares of Carver Bancorp in the first quarter valued at approximately $566,000. Vanguard Group Inc. raised its position 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 valued at $619,000 after purchasing an additional 20,605 shares in the last quarter. Geode Capital Management LLC raised its position 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 valued at $254,000 after purchasing an additional 2,528 shares in the last quarter. Citadel Advisors LLC acquired a new position in Carver Bancorp during the second quarter valued at approximately $33,000. Finally, American Express Co acquired a new position in Carver Bancorp during the fourth quarter valued at approximately $266,000. Institutional investors own 18.20% of the company’s stock.

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.