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
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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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