StockNews.com Begins Coverage on Carver Bancorp (NASDAQ:CARV)

StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research report sent to investors on Sunday morning. The brokerage issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Performance

Shares of NASDAQ CARV opened at $1.93 on Friday. Carver Bancorp has a one year low of $1.15 and a one year high of $2.39. The business’s 50-day moving average price is $1.92 and its two-hundred day moving average price is $1.73. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $9.62 million, a P/E ratio of -1.93 and a beta of 1.09.

Carver Bancorp (NASDAQ:CARV) last posted its earnings results on Wednesday, August 14th. The savings and loans company reported ($0.43) earnings per share (EPS) for the quarter. The business had revenue of $6.21 million during the quarter. Carver Bancorp had a negative net margin of 8.95% and a negative return on equity of 20.02%.

About Carver Bancorp

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.