American Express Co Buys Shares of 134,905 Carver Bancorp, Inc. (NASDAQ:CARV)

American Express Co bought a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp makes up approximately 0.0% of American Express Co’s portfolio, making the stock its 4th biggest position.

Carver Bancorp Price Performance

Shares of NASDAQ:CARV traded down $0.03 during trading on Wednesday, reaching $1.56. The stock had a trading volume of 36,263 shares, compared to its average volume of 24,310. Carver Bancorp, Inc. has a 52 week low of $1.15 and a 52 week high of $4.77. The business’s 50-day moving average price is $1.59 and its 200 day moving average price is $1.71. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $7.78 million, a PE ratio of -1.56 and a beta of 1.15.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Carver Bancorp in a report on Tuesday. They set a “sell” rating on the stock.

Carver Bancorp 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.