Carver Bancorp (NASDAQ:CARV) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Carver Bancorp, Inc. (NASDAQ:CARV) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.56 and traded as high as $1.80. Carver Bancorp shares last traded at $1.7296, with a volume of 18,897 shares trading hands.

Carver Bancorp Trading Down 1.3%

The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $10.29 million, a price-to-earnings ratio of -0.65 and a beta of 1.46. The firm has a fifty day moving average price of $1.57 and a 200-day moving average price of $1.56.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Carver Bancorp stock. Citadel Advisors LLC bought a new stake in Carver Bancorp, Inc. (NASDAQ:CARV) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 18.20% of the company’s stock.

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.