Carver Bancorp (NASDAQ:CARV) Share Price Crosses Above 200 Day Moving Average of $1.70

Carver Bancorp, Inc. (NASDAQ:CARVGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.70 and traded as high as $1.99. Carver Bancorp shares last traded at $1.98, with a volume of 9,523 shares traded.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Carver Bancorp in a research report on Friday. They set a “sell” rating for the company.

Check Out Our Latest Analysis on Carver Bancorp

Carver Bancorp Stock Performance

The firm has a fifty day simple moving average of $1.81 and a 200 day simple moving average of $1.71. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.66. The stock has a market cap of $9.53 million, a price-to-earnings ratio of -1.91 and a beta of 1.09.

Carver Bancorp (NASDAQ:CARVGet Free Report) last issued its earnings results on Wednesday, August 14th. The savings and loans company reported ($0.43) EPS for the quarter. Carver Bancorp had a negative net margin of 8.95% and a negative return on equity of 20.02%. The firm had revenue of $6.21 million during the quarter.

Institutional Investors Weigh In On Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Calton & Associates Inc. bought a new stake in Carver Bancorp, Inc. (NASDAQ:CARVFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 22,150 shares of the savings and loans company’s stock, valued at approximately $44,000. Calton & Associates Inc. owned approximately 0.45% of Carver Bancorp as of its most recent filing with the SEC. 18.20% of the stock is owned by institutional investors and hedge funds.

About Carver Bancorp

(Get Free Report)

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.

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