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

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

Carver Bancorp Stock Performance

Shares of CARV stock opened at $1.76 on Thursday. The firm has a market cap of $8.99 million, a price-to-earnings ratio of -2.12 and a beta of 1.13. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.03 and a current ratio of 1.03. Carver Bancorp has a 52 week low of $1.26 and a 52 week high of $2.39. The firm’s 50-day simple moving average is $1.81 and its two-hundred day simple moving average is $1.83.

Carver Bancorp (NASDAQ:CARV) last announced 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 22.33% and a negative net margin of 9.98%.

Insiders Place Their Bets

In other Carver Bancorp news, CEO Donald Felix bought 26,946 shares of Carver Bancorp stock in a transaction dated Monday, November 25th. The stock was purchased at an average price of $1.67 per share, for a total transaction of $44,999.82. Following the completion of the purchase, the chief executive officer now directly owns 26,946 shares of the company’s stock, valued at approximately $44,999.82. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.32% of the company’s stock.

Hedge Funds Weigh In On Carver Bancorp

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC raised its holdings in Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 1.05% of Carver Bancorp worth $99,000 at the end of the most recent reporting period. 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.