Carver Bancorp (NASDAQ:CARV) Now Covered by StockNews.com

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

Carver Bancorp Stock Down 3.4 %

Shares of CARV opened at $1.91 on Friday. Carver Bancorp has a one year low of $1.15 and a one year high of $2.62. The firm has a 50 day simple moving average of $1.81 and a two-hundred day simple moving average of $1.71. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $9.53 million, a P/E ratio of -1.91 and a beta of 1.09.

Carver Bancorp (NASDAQ:CARV) last issued its quarterly earnings data on Wednesday, August 14th. The savings and loans company reported ($0.43) earnings per share for the quarter. Carver Bancorp had a negative return on equity of 20.02% and a negative net margin of 8.95%. The firm had revenue of $6.21 million for the quarter.

Hedge Funds Weigh In On Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Calton & Associates Inc. acquired a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,150 shares of the savings and loans company’s stock, valued at approximately $44,000. Calton & Associates Inc. owned 0.45% of Carver Bancorp at the end of the most recent quarter. 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.