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

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

Carver Bancorp Stock Up 0.6 %

Shares of NASDAQ:CARV opened at $1.66 on Friday. Carver Bancorp has a one year low of $1.26 and a one year high of $2.39. The company has a 50 day moving average of $1.81 and a 200-day moving average of $1.77. 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 stock has a market cap of $8.53 million, a price-to-earnings 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) 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 for the quarter.

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.