Carver Bancorp (NASDAQ:CARV) Coverage Initiated at StockNews.com

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

Carver Bancorp Price Performance

Shares of NASDAQ CARV opened at $1.31 on Friday. Carver Bancorp has a 52 week low of $1.30 and a 52 week high of $2.39. The business’s 50 day moving average price is $1.47 and its 200 day moving average price is $1.66. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.63. The firm has a market cap of $6.69 million, a P/E ratio of -0.68 and a beta of 1.11.

Carver Bancorp (NASDAQ:CARV) last announced its quarterly earnings data on Thursday, February 13th. The savings and loans company reported ($1.09) EPS for the quarter. Carver Bancorp had a negative net margin of 24.99% and a negative return on equity of 59.15%.

Institutional Investors Weigh In On Carver Bancorp

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC lifted its stake in Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,600 shares of the savings and loans company’s stock after buying an additional 6,000 shares during the quarter. Renaissance Technologies LLC owned approximately 1.05% of Carver Bancorp worth $99,000 as of its most recent SEC filing. Hedge funds and other 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.