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 traded.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in 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 started coverage on shares of Carver Bancorp in a report on Wednesday. They issued a "hold" rating for the company.
Get Carver Bancorp alerts:Carver Bancorp Stock Up 0.5 %
The business has a fifty day moving average of $4.08 and a two-hundred day moving average of $4.93. 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 (NASDAQ:CARV – Get Rating) last posted its quarterly earnings data on Monday, November 14th. The savings and loans company reported ($0.22) EPS for the quarter. Carver Bancorp had a negative net margin of 3.37% and a negative return on equity of 3.73%. The business had revenue of $6.60 million during the quarter.Hedge Funds Weigh In On Carver Bancorp
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new position in shares of Carver Bancorp during the 1st quarter worth about $566,000. Calton & Associates Inc. purchased a new stake in Carver Bancorp during the 2nd quarter worth approximately $58,000. Maltese Capital Management LLC increased its stake in 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 in the last quarter. Fortem Financial Group LLC acquired a new position in shares of Carver Bancorp during the third quarter valued at approximately $68,000. Finally, Vanguard Group Inc. lifted its position in shares of Carver Bancorp by 15.4% in the third 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 in the last quarter. 19.37% of the stock is owned by hedge funds and other institutional investors.
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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