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.Get Carver Bancorp alerts:
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
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.
- Get a free copy of the StockNews.com research report on Carver Bancorp (CARV)
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