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

Investment analysts at StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report released on Tuesday. The firm set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Trading Down 5.3 %

Shares of CARV opened at $1.57 on Tuesday. The firm has a fifty day simple moving average of $1.60 and a two-hundred day simple moving average of $1.71. Carver Bancorp has a twelve month low of $1.15 and a twelve month high of $5.13. The stock has a market capitalization of $7.83 million, a P/E ratio of -1.57 and a beta of 1.15. 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. Calton & Associates Inc. acquired 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 & Exchange Commission. The fund acquired 22,150 shares of the savings and loans company’s stock, valued at approximately $44,000. Calton & Associates Inc. owned 0.45% of Carver Bancorp at the end of the most recent quarter. 18.20% of the stock is currently owned by hedge funds and other institutional investors.

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.