Carver Bancorp (NASDAQ:CARV) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report released on Saturday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

Shares of NASDAQ:CARV opened at $1.82 on Friday. The firm has a market capitalization of $9.32 million, a price-to-earnings ratio of -1.82 and a beta of 1.09. 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’s fifty day moving average price is $1.85 and its 200-day moving average price is $1.71. Carver Bancorp has a one year low of $1.15 and a one year high of $2.46.

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

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.