Carver Bancorp (NASDAQ:CARV) Now Covered by Analysts at StockNews.com

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

Carver Bancorp Price Performance

Shares of CARV stock traded up $0.01 during mid-day trading on Friday, hitting $1.66. 17,240 shares of the stock were exchanged, compared to its average volume of 43,652. The firm has a fifty day moving average of $1.81 and a 200 day moving average of $1.77. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.66. Carver Bancorp has a 52-week low of $1.26 and a 52-week high of $2.39. The company has a market cap of $8.53 million, a PE ratio of -2.21 and a beta of 1.11.

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 for the quarter. The company 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.