Carver Bancorp (NASDAQ:CARV) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research note published on Tuesday. The brokerage issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Trading Up 5.4 %

NASDAQ:CARV opened at $1.46 on Tuesday. The company has a market cap of $7.45 million, a PE ratio of -0.76 and a beta of 1.12. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.63. The company has a 50 day simple moving average of $1.66 and a two-hundred day simple moving average of $1.75. Carver Bancorp has a 12 month low of $1.26 and a 12 month high of $2.39.

Carver Bancorp (NASDAQ:CARV) last issued 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 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 raised its stake in Carver Bancorp stock. Renaissance Technologies LLC grew its holdings in Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,600 shares of the savings and loans company’s stock after acquiring an additional 6,000 shares during the period. Renaissance Technologies LLC owned 1.05% of Carver Bancorp worth $99,000 as of its most recent SEC filing. Institutional investors 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.