Carver Bancorp (NASDAQ:CARV) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report issued on Monday. The firm issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

Carver Bancorp stock opened at $1.31 on Monday. The stock has a market cap of $6.69 million, a price-to-earnings ratio of -0.68 and a beta of 1.12. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.03 and a quick ratio of 1.03. Carver Bancorp has a 1 year low of $1.26 and a 1 year high of $2.39. The firm has a 50-day moving average of $1.72 and a two-hundred day moving average of $1.77.

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

Institutional Investors Weigh In On Carver Bancorp

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC lifted its holdings in Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 53,600 shares of the savings and loans company’s stock after purchasing an additional 6,000 shares during the period. Renaissance Technologies LLC owned about 1.05% of Carver Bancorp worth $99,000 at the end of the most recent quarter. Hedge funds and other 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.