Carver Bancorp (NASDAQ:CARV) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Carver Bancorp, Inc. (NASDAQ:CARV) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.57 and traded as high as $1.74. Carver Bancorp shares last traded at $1.74, with a volume of 4,986 shares traded.

Carver Bancorp Price Performance

The stock’s 50-day moving average price is $1.47 and its 200 day moving average price is $1.57. The firm has a market cap of $10.82 million, a price-to-earnings ratio of -0.70 and a beta of 1.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 5.30.

Institutional Trading of Carver Bancorp

A hedge fund recently bought a new position in Carver Bancorp stock. Citadel Advisors LLC acquired a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,933 shares of the savings and loans company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned approximately 0.41% of Carver Bancorp at the end of the most recent quarter. 18.20% of the stock is currently owned by hedge funds and other institutional investors.

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.