Carver Bancorp (NASDAQ:CARV) Receives New Coverage from Analysts at StockNews.com

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

Carver Bancorp Trading Up 1.3 %

Carver Bancorp stock opened at $1.59 on Tuesday. The stock has a 50-day moving average price of $1.60 and a 200 day moving average price of $1.71. Carver Bancorp has a 52 week low of $1.15 and a 52 week high of $5.13. The stock has a market cap of $7.93 million, a PE ratio of -1.59 and a beta of 1.15. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.32.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Carver Bancorp stock. American Express Co purchased a new position in Carver Bancorp, Inc. (NASDAQ:CARV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp comprises approximately 0.0% of American Express Co’s holdings, making the stock its 4th largest position. American Express Co owned 2.74% of Carver Bancorp at the end of the most recent reporting period. 18.20% of the stock is currently owned by institutional investors.

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.