Carver Bancorp (NASDAQ:CARV) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Carver Bancorp (NASDAQ:CARV) in a note issued to investors on Friday. The firm set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Trading Down 5.2 %

Shares of CARV opened at $1.37 on Friday. Carver Bancorp has a 1 year low of $1.30 and a 1 year high of $2.39. The company has a 50 day simple moving average of $1.51 and a two-hundred day simple moving average of $1.68. 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 firm has a market cap of $6.98 million, a P/E ratio of -0.71 and a beta of 1.11.

Carver Bancorp (NASDAQ:CARV) last announced its quarterly earnings results 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 59.15% and a negative net margin of 24.99%.

Institutional Investors Weigh In On Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Cantor Fitzgerald L. P. bought a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 at the end of the most recent quarter. 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.