Carver Bancorp (NASDAQ:CARV) Earns Sell Rating from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research report issued on Thursday. The firm set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

CARV stock opened at $1.37 on Thursday. The business has a 50 day moving average of $1.70 and a 200 day moving average of $1.71. The firm has a market cap of $6.83 million, a PE ratio of -1.37 and a beta of 1.12. Carver Bancorp has a twelve month low of $1.15 and a twelve month high of $3.03. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.32.

Hedge Funds Weigh In On Carver Bancorp

An institutional investor recently bought a new position in Carver Bancorp stock. American Express Co acquired a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp comprises about 0.0% of American Express Co’s investment portfolio, making the stock its 4th biggest position. American Express Co owned about 2.74% of Carver Bancorp at the end of the most recent reporting period. Institutional investors and hedge funds 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.