Carver Bancorp, Inc. (NASDAQ:CARV – Get Rating) saw a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 27,700 shares, a growth of 23.7% from the December 15th total of 22,400 shares. Based on an average trading volume of 23,700 shares, the short-interest ratio is presently 1.2 days.
Institutional Investors Weigh In On Carver Bancorp
Several hedge funds have recently bought and sold shares of CARV. Renaissance Technologies LLC bought a new position in Carver Bancorp in the 1st quarter valued at about $566,000. Calton & Associates Inc. bought a new position in Carver Bancorp in the 2nd quarter valued at about $58,000. Maltese Capital Management LLC raised its holdings in 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 acquiring an additional 60,000 shares during the period. Fortem Financial Group LLC bought a new position in Carver Bancorp in the 3rd quarter valued at about $68,000. Finally, Vanguard Group Inc. raised its holdings in 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 acquiring an additional 20,605 shares during the period. 19.37% of the stock is currently owned by institutional investors and hedge funds.
Get
Carver Bancorp alerts:
Carver Bancorp Price Performance
NASDAQ:CARV traded up $0.08 during mid-day trading on Friday, hitting $4.71. The stock had a trading volume of 6,638 shares, compared to its average volume of 19,050. Carver Bancorp has a twelve month low of $3.62 and a twelve month high of $12.30. The company's 50 day simple moving average is $4.20 and its 200 day simple moving average is $4.70. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.69.
Carver Bancorp (NASDAQ:CARV – Get Rating) last issued its earnings results on Monday, November 14th. The savings and loans company reported ($0.22) earnings per share (EPS) 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.
Wall Street Analyst Weigh In
CARV has been the subject of a number of research analyst reports. TheStreet lowered shares of Carver Bancorp from a "c-" rating to a "d" rating in a research note on Wednesday, November 9th. StockNews.com initiated coverage on shares of Carver Bancorp in a research note on Saturday. They set a "hold" rating for the company.
Carver Bancorp Company Profile
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Carver Bancorp (CARV)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving '23 Growth
Receive News & Ratings for Carver Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carver Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
