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

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

Carver Bancorp Price Performance

Carver Bancorp stock opened at $1.71 on Friday. The firm has a fifty day moving average of $1.79 and a 200-day moving average of $1.78. Carver Bancorp has a 52-week low of $1.26 and a 52-week high of $2.39. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $8.79 million, a P/E ratio of -2.06 and a beta of 1.11.

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