Carver Bancorp (NASDAQ:CARV) Shares Pass Above 200-Day Moving Average of $0.00

Shares of Carver Bancorp, Inc. (NASDAQ:CARV) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $8.32. Carver Bancorp shares last traded at $8.12, with a volume of 28,696 shares.

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.77. The stock has a 50 day moving average of $11.05 and a 200-day moving average of $14.20.

Carver Bancorp (NASDAQ:CARV) last issued its quarterly earnings results on Monday, November 15th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $8.33 million during the quarter. Carver Bancorp had a negative return on equity of 14.36% and a negative net margin of 13.69%.

A number of hedge funds have recently made changes to their positions in CARV. Morgan Stanley grew its stake in Carver Bancorp by 5,577.4% during the 3rd quarter. Morgan Stanley now owns 150,450 shares of the savings and loans company’s stock worth $2,678,000 after buying an additional 147,800 shares during the last quarter. Vanguard Group Inc. purchased a new stake in Carver Bancorp during the 2nd quarter valued at about $1,095,000. Geode Capital Management LLC purchased a new stake in Carver Bancorp during the 3rd quarter valued at about $973,000. Maltese Capital Management LLC purchased a new stake in Carver Bancorp during the 3rd quarter valued at about $267,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Carver Bancorp during the 3rd quarter valued at about $215,000. Hedge funds and other institutional investors own 27.45% of the company’s stock.

About Carver Bancorp (NASDAQ:CARV)

Carver Bancorp, Inc is a holding company, which engages in the provision of consumer and commercial banking services. Through Carver Federal Savings Bank, it offers deposit products, including demand, savings, and time deposits for consumers, businesses, and governmental and quasi-governmental agencies.

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