Carver Bancorp (NASDAQ:CARV) Issues Quarterly Earnings Results

Carver Bancorp (NASDAQ:CARV) posted its earnings results on Thursday. The savings and loans company reported ($1.09) earnings per share for the quarter, Zacks reports. Carver Bancorp had a negative net margin of 9.98% and a negative return on equity of 22.33%.

Carver Bancorp Price Performance

Shares of CARV stock traded up $0.02 during trading hours on Thursday, hitting $1.76. 7,075 shares of the company’s stock were exchanged, compared to its average volume of 6,588. The company has a market capitalization of $8.99 million, a PE ratio of -2.12 and a beta of 1.13. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.11. Carver Bancorp has a 12-month low of $1.26 and a 12-month high of $2.39. The business’s 50 day simple moving average is $1.81 and its 200-day simple moving average is $1.83.

Insider Activity at Carver Bancorp

In other news, CEO Donald Felix purchased 26,946 shares of the business’s stock in a transaction on Monday, November 25th. The shares were acquired at an average price of $1.67 per share, with a total value of $44,999.82. Following the acquisition, the chief executive officer now directly owns 26,946 shares in the company, valued at approximately $44,999.82. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Carver Bancorp in a report on Thursday. They issued a “sell” rating for the company.

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.