StockNews.com Initiates Coverage on Carver Bancorp (NASDAQ:CARV)

Equities research analysts at StockNews.com began coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research note issued to investors on Friday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Trading Up 1.5 %

Shares of CARV stock opened at $1.98 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $9.87 million, a price-to-earnings ratio of -1.98 and a beta of 1.11. Carver Bancorp has a 52-week low of $1.15 and a 52-week high of $2.65. The company has a 50-day simple moving average of $1.80 and a two-hundred day simple moving average of $1.70.

Carver Bancorp (NASDAQ:CARV) last issued its quarterly earnings results on Tuesday, July 16th. The savings and loans company reported $0.01 EPS for the quarter. The business had revenue of $8.15 million for the quarter. Carver Bancorp had a negative return on equity of 20.02% and a negative net margin of 8.95%.

Institutional Investors Weigh In On Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Calton & Associates Inc. bought a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,150 shares of the savings and loans company’s stock, valued at approximately $44,000. Calton & Associates Inc. owned 0.45% of Carver Bancorp as of its most recent SEC filing. 18.20% 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.