StockNews.com began coverage on shares of Carver Bancorp (NASDAQ:CARV – Get Rating) in a research note issued on Saturday. The firm set a "hold" rating on the savings and loans company's stock.
Separately, TheStreet cut shares of Carver Bancorp from a "c-" rating to a "d" rating in a research report on Wednesday, November 9th.
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Carver Bancorp Stock Performance
Shares of CARV opened at $4.71 on Friday. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50 day moving average of $4.20 and a 200 day moving average of $4.71. Carver Bancorp has a twelve month low of $3.62 and a twelve month high of $12.30.
Carver Bancorp (NASDAQ:CARV – Get Rating) last issued its quarterly earnings results on Monday, November 14th. The savings and loans company reported ($0.22) earnings per share for the quarter. The business had revenue of $6.60 million for the quarter. Carver Bancorp had a negative return on equity of 3.73% and a negative net
margin of 3.37%.
Institutional Investors Weigh In On Carver Bancorp
A number of institutional investors have recently made changes to their positions in CARV. Calton & Associates Inc. lifted its stake in Carver Bancorp by 91.2% in the fourth quarter. Calton & Associates Inc. now owns 19,500 shares of the savings and loans company's stock worth $80,000 after acquiring an additional 9,300 shares during the last quarter. Fortem Financial Group LLC purchased a new stake in shares of Carver Bancorp during the 3rd quarter worth approximately $68,000. Vanguard Group Inc. lifted its position in shares of 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 buying an additional 20,605 shares during the last quarter. Maltese Capital Management LLC lifted its position in shares of Carver Bancorp by 171.4% during the 2nd quarter. Maltese Capital Management LLC now owns 95,000 shares of the savings and loans company's stock worth $547,000 after buying an additional 60,000 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Carver Bancorp during the 1st quarter worth approximately $566,000. 19.37% of the stock is currently owned by institutional investors and hedge funds.
Carver Bancorp Company Profile
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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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