Carver Bancorp (NASDAQ:CARV) Now Covered by Analysts at StockNews.com

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

Carver Bancorp Stock Up 2.6 %

NASDAQ:CARV opened at $1.94 on Monday. The company has a market cap of $9.67 million, a price-to-earnings ratio of -1.94 and a beta of 1.11. Carver Bancorp has a twelve month low of $1.15 and a twelve month high of $2.97. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.26. The stock has a fifty day simple moving average of $1.69 and a 200-day simple moving average of $1.69.

Carver Bancorp (NASDAQ:CARV) last announced its quarterly earnings data on Tuesday, July 16th. The savings and loans company reported $0.01 earnings per share for the quarter. The company had revenue of $8.15 million during the quarter. Carver Bancorp had a negative net margin of 7.31% and a negative return on equity of 15.68%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Carver Bancorp stock. American Express Co purchased a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp makes up approximately 0.0% of American Express Co’s holdings, making the stock its 4th biggest holding. American Express Co owned approximately 2.74% of Carver Bancorp at the end of the most recent quarter. Institutional investors and hedge funds own 18.20% of the company’s stock.

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.