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

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

Carver Bancorp Trading Up 1.1 %

CARV opened at $1.43 on Wednesday. The stock has a market cap of $7.28 million, a PE ratio of -0.74 and a beta of 1.12. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.63. Carver Bancorp has a twelve month low of $1.26 and a twelve month high of $2.39. The company has a fifty day moving average of $1.62 and a 200-day moving average of $1.73.

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

Institutional Investors Weigh In On Carver Bancorp

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC lifted its position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,600 shares of the savings and loans company’s stock after purchasing an additional 6,000 shares during the quarter. Renaissance Technologies LLC owned 1.05% of Carver Bancorp worth $99,000 at the end of the most recent reporting period. 18.20% of the stock is owned by institutional investors and hedge funds.

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.