StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV – Free Report) in a research report sent to investors on Tuesday. The firm issued a sell rating on the savings and loans company’s stock.
Carver Bancorp Price Performance
Carver Bancorp stock opened at $1.60 on Tuesday. Carver Bancorp has a 52-week low of $1.15 and a 52-week high of $4.77. The firm has a fifty day moving average of $1.58 and a 200-day moving average of $1.70. The firm has a market capitalization of $7.98 million, a P/E ratio of -1.60 and a beta of 1.15. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.32.
Institutional Investors Weigh In On Carver Bancorp
A hedge fund recently bought a new stake in Carver Bancorp stock. Calton & Associates Inc. acquired a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 22,150 shares of the savings and loans company’s stock, valued at approximately $44,000. Calton & Associates Inc. owned about 0.45% of Carver Bancorp at the end of the most recent reporting period. 18.20% of the stock is 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.
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