American Express Co Makes New $266,000 Investment in Carver Bancorp, Inc. (NASDAQ:CARV)

American Express Co purchased a new position in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 134,905 shares of the savings and loans company’s stock, valued at approximately $266,000. Carver Bancorp accounts for about 0.0% of American Express Co’s investment portfolio, making the stock its 4th largest holding. American Express Co owned about 2.74% of Carver Bancorp as of its most recent SEC filing.

Carver Bancorp Price Performance

Shares of Carver Bancorp stock traded down $0.03 during trading on Wednesday, reaching $1.56. The company’s stock had a trading volume of 36,263 shares, compared to its average volume of 24,310. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.32. Carver Bancorp, Inc. has a 12-month low of $1.15 and a 12-month high of $4.77. The company has a market capitalization of $7.78 million, a P/E ratio of -1.56 and a beta of 1.15. The business has a 50 day moving average price of $1.59 and a 200-day moving average price of $1.71.

Wall Street Analyst Weigh In

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

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.