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

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

Carver Bancorp Trading Down 0.7 %

Carver Bancorp stock opened at $1.37 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50 day moving average price is $1.43 and its 200-day moving average price is $1.65. Carver Bancorp has a 1 year low of $1.30 and a 1 year high of $2.39. The stock has a market cap of $7.00 million, a P/E ratio of -0.71 and a beta of 1.11.

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

Hedge Funds Weigh In On Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Cantor Fitzgerald L. P. bought a new stake in Carver Bancorp, Inc. (NASDAQ:CARV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned approximately 0.68% of Carver Bancorp as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 18.20% of the company’s stock.

Carver Bancorp Company Profile

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.