Carver Bancorp (NASDAQ:CARV) Research Coverage Started at StockNews.com

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

Carver Bancorp Price Performance

Shares of CARV opened at $1.39 on Wednesday. Carver Bancorp has a 12 month low of $1.26 and a 12 month high of $2.39. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a fifty day moving average price of $1.60 and a 200 day moving average price of $1.73. The company has a market cap of $7.08 million, a P/E ratio of -0.72 and a beta of 1.12.

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 for the quarter. Carver Bancorp had a negative return on equity of 59.15% and a negative net margin of 24.99%.

Institutional Trading of Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Cantor Fitzgerald L. P. purchased a new position in Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned approximately 0.68% of Carver Bancorp as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 18.20% of the company’s stock.

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.