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

StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research report report published on Wednesday morning. The firm issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Performance

Carver Bancorp stock opened at $1.43 on Wednesday. The stock’s 50 day moving average is $1.62 and its 200 day moving average is $1.73. The company has a market capitalization of $7.31 million, a P/E ratio of -0.74 and a beta of 1.12. Carver Bancorp has a twelve month low of $1.26 and a twelve month high of $2.39. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.63.

Carver Bancorp (NASDAQ:CARV) last issued its quarterly 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%.

Institutional Investors Weigh In On Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. Cantor Fitzgerald L. P. bought a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned about 0.68% of Carver Bancorp at the end of the most recent quarter. 18.20% of the stock is currently owned by institutional investors and hedge funds.

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.