Carver Bancorp (NASDAQ:CARV) upgraded to “Hold” on StockNews.com


Carver Bancorp (NASDAQ:CARV – Get a Rating) was upgraded by StockNews.com from a “sell” to a “hold” rating in a research report released on Tuesday.

Separately, TheStreet upgraded Carver Bancorp from a ‘d’ to a ‘c-‘ rating in a Wednesday, February 16 research report.

CARV shares opened at $8.79 on Tuesday. The stock has a 50-day moving average of $8.21 and a 200-day moving average of $8.47. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt ratio of 0.53. Carver Bancorp has a 52-week low of $6.07 and a 52-week high of $42.50.

A number of large investors have recently increased or reduced their stakes in the stock. Morgan Stanley increased its position in Carver Bancorp by 5,577.4% in the third quarter. Morgan Stanley now owns 150,450 shares of the savings and loan company valued at $2,678,000 after purchasing an additional 147,800 shares during the period. Philadelphia Financial Management of San Francisco LLC acquired a new position in Carver Bancorp during Q4 valued at approximately $775,000. Renaissance Technologies LLC acquired a new position in Carver Bancorp during Q1 worth approximately $566,000. Geode Capital Management LLC acquired a new position in Carver Bancorp during Q3 valued at approximately $973,000. Finally, Dimensional Fund Advisors LP increased its position in Carver Bancorp by 50.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 43,072 shares of the savings and loan company valued at $368,000 after purchasing an additional 14,530 shares during the period. Institutional investors and hedge funds own 21.28% of the company’s shares.

About Carver Bancorp (Get an assessment)

Carver Bancorp, Inc operates as a holding company for Carver Federal Savings Bank which provides personal and business banking services for consumers, businesses, and governmental and quasi-governmental agencies primarily in New York City. It accepts various deposit products, including demand, savings and term deposits; passbook accounts and account statements and certificates of deposit; and individual retirement accounts.

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