Carver Bancorp (NASDAQ:CARV) Earns Sell Rating from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research report issued on Tuesday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Stock Up 2.1 %

Shares of NASDAQ:CARV opened at $1.96 on Tuesday. Carver Bancorp has a 1 year low of $1.15 and a 1 year high of $2.97. The company has a market capitalization of $9.77 million, a PE ratio of -1.96 and a beta of 1.11. The business has a fifty day moving average price of $1.69 and a two-hundred day moving average price of $1.68. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.05 and a quick ratio of 1.05.

Carver Bancorp (NASDAQ:CARV) last issued its quarterly earnings results on Tuesday, July 16th. The savings and loans company reported $0.01 earnings per share for the quarter. Carver Bancorp had a negative net margin of 7.31% and a negative return on equity of 15.68%. The company had revenue of $8.15 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Carver Bancorp stock. American Express Co purchased a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp comprises about 0.0% of American Express Co’s holdings, making the stock its 4th largest holding. American Express Co owned 2.74% of Carver Bancorp at the end of the most recent reporting period. 18.20% of the stock is currently owned by hedge funds and other institutional investors.

Carver Bancorp Company Profile

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.