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

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

Carver Bancorp Trading Up 5.1 %

Carver Bancorp stock opened at $1.44 on Friday. Carver Bancorp has a 12 month low of $1.30 and a 12 month high of $2.39. The company has a market capitalization of $7.36 million, a price-to-earnings ratio of -0.75 and a beta of 1.26. The business’s fifty day simple moving average is $1.42 and its two-hundred day simple moving average is $1.65. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.63.

Carver Bancorp (NASDAQ:CARV) last announced its quarterly 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 return on equity of 59.15% and a negative net margin of 24.99%.

Institutional Trading of Carver Bancorp

A hedge fund recently raised its position in Carver Bancorp stock. Renaissance Technologies LLC increased its holdings in shares of Carver Bancorp, Inc. (NASDAQ:CARV) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,600 shares of the savings and loans company’s stock after purchasing an additional 6,000 shares during the quarter. Renaissance Technologies LLC owned 1.05% of Carver Bancorp worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.