Carver Bancorp (NASDAQ:CARV) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Carver Bancorp, Inc. (NASDAQ:CARV) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.56 and traded as high as $1.85. Carver Bancorp shares last traded at $1.85, with a volume of 10,150 shares changing hands.

Carver Bancorp Stock Performance

The stock’s 50-day moving average price is $1.60 and its 200-day moving average price is $1.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 5.30. The company has a market capitalization of $11.38 million, a P/E ratio of -0.72 and a beta of 1.41.

Hedge Funds Weigh In On Carver Bancorp

A hedge fund recently bought a new position in Carver Bancorp stock. Citadel Advisors LLC bought a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 20,933 shares of the savings and loans company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned approximately 0.41% of Carver Bancorp at the end of the most recent reporting period. 18.20% of the stock is owned by institutional investors and hedge funds.

Carver Bancorp Company Profile

Carver Bancorp, Inc is the bank holding company for Carver Federal Savings Bank, a New York–based financial institution dedicated to serving minority and underserved communities. As the largest African American–led FDIC-insured banking organization in the United States, Carver Bancorp operates a branch network throughout the New York metropolitan area, including locations in the Bronx, Brooklyn, Manhattan, Queens, Staten Island and Westchester County.

The company offers a comprehensive range of banking products and services tailored to both consumer and commercial customers.