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

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

Carver Bancorp Stock Performance

Shares of CARV stock opened at $1.62 on Wednesday. Carver Bancorp has a fifty-two week low of $1.15 and a fifty-two week high of $2.39. The stock’s fifty day moving average price is $1.91 and its two-hundred day moving average price is $1.75. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $8.08 million, a PE ratio of -1.62 and a beta of 1.09.

Carver Bancorp (NASDAQ:CARV) last released its quarterly earnings data on Wednesday, August 14th. The savings and loans company reported ($0.43) earnings per share 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%.

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.