Carver Bancorp, Inc. (NASDAQ:CARV – Get Rating)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.94 and traded as low as $3.62. Carver Bancorp shares last traded at $3.68, with a volume of 17,044 shares.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. TheStreet lowered shares of Carver Bancorp from a "c-" rating to a "d" rating in a report on Wednesday, November 9th. StockNews.com assumed coverage on shares of Carver Bancorp in a report on Tuesday, December 20th. They set a "hold" rating on the stock.
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Carver Bancorp Trading Down 4.2 %
The stock's fifty day moving average price is $4.08 and its two-hundred day moving average price is $4.94. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.06 and a quick ratio of 1.06.
Carver Bancorp (NASDAQ:CARV – Get Rating) last announced its quarterly earnings data on Monday, November 14th. The savings and loans company reported ($0.22) earnings per share for the quarter. Carver Bancorp had a negative net
margin of 3.37% and a negative return on equity of 3.73%. The firm had revenue of $6.60 million during the quarter.
Institutional Investors Weigh In On Carver Bancorp
A number of hedge funds and other institutional investors have recently modified their holdings of CARV. Calton & Associates Inc. purchased a new position in shares of Carver Bancorp in the 2nd quarter valued at $58,000. Fortem Financial Group LLC purchased a new position in shares of Carver Bancorp in the 3rd quarter valued at $68,000. Maltese Capital Management LLC grew its position in shares of Carver Bancorp by 171.4% in the 2nd quarter. Maltese Capital Management LLC now owns 95,000 shares of the savings and loans company's stock valued at $547,000 after buying an additional 60,000 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Carver Bancorp in the 1st quarter valued at $566,000. Finally, Vanguard Group Inc. grew its position in shares of Carver Bancorp by 15.4% in the 3rd quarter. Vanguard Group Inc. now owns 154,733 shares of the savings and loans company's stock valued at $619,000 after buying an additional 20,605 shares during the last quarter. 19.37% of the stock is currently owned by institutional investors and hedge funds.
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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