Carver Bancorp (NASDAQ:CARV) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of Carver Bancorp, Inc. (NASDAQ:CARV) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.85 and traded as low as $1.53. Carver Bancorp shares last traded at $1.77, with a volume of 876 shares changing hands.

Carver Bancorp Trading Up 1.7%

The stock has a market cap of $10.90 million, a PE ratio of -0.71 and a beta of 1.55. The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day moving average of $1.54 and a two-hundred day moving average of $1.85.

Hedge Funds Weigh In On Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Citadel Advisors LLC bought a new stake in Carver Bancorp, Inc. (NASDAQ:CARV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,933 shares of the savings and loans company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned 0.41% of Carver Bancorp as of its most recent SEC filing. Institutional investors and hedge funds own 18.20% of the company’s stock.

About Carver Bancorp

Carver Bancorp, Inc is the bank holding company for Carver Federal Savings Bank, a New York–based financial institution dedicated to serving minority and underserved communities. As the largest African American–led FDIC-insured banking organization in the United States, Carver Bancorp operates a branch network throughout the New York metropolitan area, including locations in the Bronx, Brooklyn, Manhattan, Queens, Staten Island and Westchester County.

The company offers a comprehensive range of banking products and services tailored to both consumer and commercial customers.