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

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

Carver Bancorp Stock Performance

NASDAQ CARV opened at $1.73 on Friday. The company has a market cap of $8.81 million, a P/E ratio of -0.90 and a beta of 1.13. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50 day moving average price is $1.80 and its 200-day moving average price is $1.82. Carver Bancorp has a fifty-two week low of $1.26 and a fifty-two week high of $2.39.

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

Hedge Funds Weigh In On Carver Bancorp

A hedge fund recently raised its stake in Carver Bancorp stock. Renaissance Technologies LLC raised its holdings in Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,600 shares of the savings and loans company’s stock after acquiring an additional 6,000 shares during the quarter. Renaissance Technologies LLC owned approximately 1.05% of Carver Bancorp worth $99,000 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.