Carver Bancorp (NASDAQ:CARV) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of Carver Bancorp, Inc. (NASDAQ:CARV) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.56 and traded as high as $1.75. Carver Bancorp shares last traded at $1.74, with a volume of 2,211 shares trading hands.

Carver Bancorp Trading Up 0.9%

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 5.30. The firm has a 50 day moving average price of $1.50 and a 200 day moving average price of $1.56. The stock has a market capitalization of $10.51 million, a PE ratio of -0.68 and a beta of 1.54.

Hedge Funds Weigh In On Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Citadel Advisors LLC purchased a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,933 shares of the savings and loans company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned 0.41% of Carver Bancorp as of its most recent SEC filing. Institutional investors and hedge funds own 18.20% of the company’s stock.

Carver Bancorp Company Profile

Carver Bancorp, Inc is the bank holding company for Carver Federal Savings Bank, a New York–based financial institution dedicated to serving minority and underserved communities. As the largest African American–led FDIC-insured banking organization in the United States, Carver Bancorp operates a branch network throughout the New York metropolitan area, including locations in the Bronx, Brooklyn, Manhattan, Queens, Staten Island and Westchester County.

The company offers a comprehensive range of banking products and services tailored to both consumer and commercial customers.