Carver Bancorp (NASDAQ:CARV) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research report sent to investors on Tuesday. The brokerage issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Down 12.9 %

NASDAQ:CARV opened at $1.62 on Tuesday. The firm has a market capitalization of $8.08 million, a price-to-earnings ratio of -1.62 and a beta of 1.13. Carver Bancorp has a 1-year low of $1.15 and a 1-year high of $3.42. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.32. The business’s fifty day moving average price is $1.71 and its 200 day moving average price is $1.74.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Carver Bancorp stock. Calton & Associates Inc. bought a new stake in Carver Bancorp, Inc. (NASDAQ:CARV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,150 shares of the savings and loans company’s stock, valued at approximately $44,000. Calton & Associates Inc. owned approximately 0.45% of Carver Bancorp at the end of the most recent reporting period. 18.20% of the stock is owned by 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.