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

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

Carver Bancorp Stock Performance

Shares of CARV opened at $1.39 on Tuesday. Carver Bancorp has a 52 week low of $1.26 and a 52 week 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. The stock has a market cap of $7.08 million, a price-to-earnings ratio of -0.72 and a beta of 1.12. The business has a 50-day simple moving average of $1.67 and a two-hundred day simple moving average of $1.75.

Carver Bancorp (NASDAQ:CARV) last released 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%.

Institutional Trading of Carver Bancorp

An institutional investor recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC raised its stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,600 shares of the savings and loans company’s stock after buying an additional 6,000 shares during the quarter. Renaissance Technologies LLC owned about 1.05% of Carver Bancorp worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 18.20% of the company’s stock.

Carver Bancorp Company Profile

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.