StockNews.com Initiates Coverage on Carver Bancorp (NASDAQ:CARV)

Equities researchers at StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report released on Sunday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Stock Down 2.7 %

NASDAQ:CARV opened at $1.51 on Friday. 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 is $1.76 and its two-hundred day moving average is $1.79. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.63. The company has a market cap of $7.72 million, a PE ratio of -0.79 and a beta of 1.12.

Carver Bancorp (NASDAQ:CARV) last released its earnings results on Thursday, February 13th. The savings and loans company reported ($1.09) earnings per share (EPS) for the quarter. Carver Bancorp had a negative net margin of 24.99% and a negative return on equity of 59.15%.

Institutional Investors Weigh In On Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. Cantor Fitzgerald L. P. acquired a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 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 quarter. 18.20% of the stock is owned by hedge funds and other institutional investors.

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.