StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV – Get Rating) in a research report released on Thursday morning. The firm issued a hold rating on the savings and loans company's stock.

Separately, TheStreet lowered shares of Carver Bancorp from a c- rating to a d rating in a research note on Wednesday, November 9th.

Carver Bancorp Stock Performance

Carver Bancorp stock opened at $4.43 on Thursday. The company has a fifty day moving average price of $4.08 and a two-hundred day moving average price of $4.77. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.69. Carver Bancorp has a 12 month low of $3.62 and a 12 month high of $12.30.

Institutional Investors Weigh In On Carver Bancorp

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Carver Bancorp by 15.4% during the 3rd quarter. Vanguard Group Inc. now owns 154,733 shares of the savings and loans company's stock worth $619,000 after acquiring an additional 20,605 shares during the last quarter. Fortem Financial Group LLC acquired a new position in Carver Bancorp during the third quarter valued at approximately $68,000. Maltese Capital Management LLC grew its holdings in Carver Bancorp by 171.4% during the second quarter. Maltese Capital Management LLC now owns 95,000 shares of the savings and loans company's stock valued at $547,000 after purchasing an additional 60,000 shares during the period. Calton & Associates Inc. acquired a new position in Carver Bancorp during the second quarter valued at approximately $58,000. Finally, Renaissance Technologies LLC acquired a new position in Carver Bancorp during the first quarter valued at approximately $566,000. 19.37% of the stock is currently owned by institutional investors.

About Carver Bancorp

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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.

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