Carver Bancorp (NASDAQ:CARV) Coverage Initiated by Analysts at StockNews.com

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

Carver Bancorp Price Performance

NASDAQ CARV opened at $1.73 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s fifty day moving average price is $1.80 and its 200 day moving average price is $1.82. Carver Bancorp has a 1 year low of $1.26 and a 1 year high of $2.39. The company has a market cap of $8.81 million, a price-to-earnings ratio of -0.90 and a beta of 1.13.

Carver Bancorp (NASDAQ:CARV) last released its earnings results on Thursday, February 13th. The savings and loans company reported ($1.09) earnings per share (EPS) for the quarter. Carver Bancorp had a negative net margin of 24.99% and a negative return on equity of 59.15%.

Insiders Place Their Bets

In related news, CEO Donald Felix purchased 26,946 shares of the business’s stock in a transaction on Monday, November 25th. The shares were bought at an average cost of $1.67 per share, with a total value of $44,999.82. Following the transaction, the chief executive officer now owns 26,946 shares of the company’s stock, valued at approximately $44,999.82. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.32% of the stock is owned by insiders.

Institutional Investors Weigh In On Carver Bancorp

A hedge fund recently raised its stake in Carver Bancorp stock. Renaissance Technologies LLC boosted its stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 53,600 shares of the savings and loans company’s stock after purchasing an additional 6,000 shares during the period. Renaissance Technologies LLC owned approximately 1.05% of Carver Bancorp worth $99,000 at the end of the most recent quarter. Hedge funds and other 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.