Investment analysts at StockNews.com started coverage on shares of Carver Bancorp (NASDAQ:CARV – Get Rating) in a research report issued on Wednesday. The brokerage set a “hold” rating on the savings and loans company’s stock.
Carver Bancorp Stock Up 2.5 %
Shares of NASDAQ CARV opened at $3.76 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.57. The stock’s fifty day moving average price is $4.13 and its two-hundred day moving average price is $4.25. Carver Bancorp has a one year low of $3.25 and a one year high of $7.90.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Calton & Associates Inc. grew its holdings in 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 buying an additional 9,300 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Carver Bancorp by 36.9% during the 1st quarter. Renaissance Technologies LLC now owns 50,776 shares of the savings and loans company’s stock valued at $203,000 after acquiring an additional 13,676 shares during the period. Geode Capital Management LLC lifted its position 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 valued at $254,000 after acquiring an additional 2,528 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Carver Bancorp by 15.4% during 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 owned by institutional investors and hedge funds.
Carver Bancorp Company Profile
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 Articles
- Get a free copy of the StockNews.com research report on Carver Bancorp (CARV)
- As Peloton Shares Fall Over 90%, A Comeback Strategy Surges
- Inflation, The Fed, And The Summer Rally
- How to Trade Stocks Online the Right Way
- SentinelOne Stock is Down, But Is it Out?
- Oracle Has Spoken: The AI Cloud Is Bigger And Growing Faster
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.
