Carver Bancorp (NASDAQ:CARV) Research Coverage Started at StockNews.com

Posted by on May 5th, 2023

StockNews.com began coverage on shares of Carver Bancorp (NASDAQ:CARV – Get Rating) in a research report issued on Friday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

CARV stock opened at $4.40 on Friday. Carver Bancorp has a 1 year low of $3.62 and a 1 year high of $12.30. The firm has a 50-day moving average of $4.31 and a 200 day moving average of $4.30. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.03 and a quick ratio of 1.03.

Carver Bancorp (NASDAQ:CARV – Get Rating) last released its quarterly earnings results on Tuesday, February 14th. The savings and loans company reported ($0.25) earnings per share (EPS) for the quarter. Carver Bancorp had a negative return on equity of 11.67% and a negative net margin of 9.43%. The company had revenue of $6.15 million during the quarter.

Institutional Investors Weigh In On Carver Bancorp

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in Carver Bancorp in the first quarter worth approximately $566,000. Vanguard Group Inc. boosted its position 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 buying an additional 20,605 shares during the period. Fortem Financial Group LLC bought a new stake in shares of Carver Bancorp in the 3rd quarter valued at about $68,000. Calton & Associates Inc. raised its holdings in shares of Carver Bancorp by 91.2% in the 4th quarter. Calton & Associates Inc. now owns 19,500 shares of the savings and loans company’s stock valued at $80,000 after purchasing an additional 9,300 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Carver Bancorp by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 62,020 shares of the savings and loans company’s stock worth $254,000 after acquiring an additional 2,528 shares in the last quarter. Hedge funds and other institutional investors own 19.37% of the company’s stock.

About Carver Bancorp

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Carver Bancorp, Inc is a holding company, which engages in the provision of consumer and commercial banking services. Through Carver Federal Savings Bank, it offers deposit products, including demand, savings, time deposits for consumers, businesses, governmental and quasi-governmental agencies. Carver Bancorp was founded in May 1996 and is headquartered in New York, NY.

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