Carver Bancorp (NASDAQ:CARV) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of Carver Bancorp, Inc. (NASDAQ:CARV) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.77 and traded as low as $1.58. Carver Bancorp shares last traded at $1.6038, with a volume of 673 shares trading hands.

Carver Bancorp Stock Performance

The firm has a market cap of $9.98 million, a price-to-earnings ratio of -0.64 and a beta of 1.56. The stock has a 50 day moving average of $1.59 and a 200 day moving average of $1.77. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 5.30.

Institutional Trading of Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Citadel Advisors LLC bought a new stake in Carver Bancorp, Inc. (NASDAQ:CARV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,933 shares of the savings and loans company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned approximately 0.41% of Carver Bancorp at the end of the most recent reporting period. 18.20% of the stock is owned by hedge funds and other institutional investors.

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.