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

Equities research analysts at StockNews.com started 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 Trading Down 1.9 %

Shares of CARV stock opened at $1.43 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.63. Carver Bancorp has a twelve month low of $1.26 and a twelve month high of $2.39. The company’s 50-day moving average price is $1.66 and its 200-day moving average price is $1.75. The stock has a market cap of $7.31 million, a price-to-earnings ratio of -0.74 and a beta of 1.12.

Carver Bancorp (NASDAQ:CARV) last posted 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

An institutional investor recently bought a new position in Carver Bancorp stock. Cantor Fitzgerald L. P. bought a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned 0.68% of Carver Bancorp at the end of the most recent reporting period. 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.