Carver Bancorp (NASDAQ:CARV) Now Covered by StockNews.com

Analysts at StockNews.com started coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

CARV stock opened at $1.56 on Tuesday. Carver Bancorp has a 1 year low of $1.15 and a 1 year high of $4.77. The company has a market cap of $7.78 million, a P/E ratio of -1.56 and a beta of 1.15. The firm has a 50-day moving average of $1.59 and a 200 day moving average of $1.71. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.05 and a quick ratio of 1.05.

Hedge Funds Weigh In On Carver Bancorp

A hedge fund recently bought a new stake in Carver Bancorp stock. American Express Co purchased a new position in Carver Bancorp, Inc. (NASDAQ:CARV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp makes up about 0.0% of American Express Co’s holdings, making the stock its 4th largest position. American Express Co owned 2.74% of Carver Bancorp at the end of the most recent reporting period. 18.20% of the stock is owned by institutional investors.

About Carver Bancorp

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.