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

StockNews.com assumed coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research note published on Sunday morning. The brokerage issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Down 1.0 %

NASDAQ CARV opened at $1.93 on Friday. The company has a market capitalization of $9.62 million, a P/E ratio of -1.93 and a beta of 1.09. Carver Bancorp has a 12 month low of $1.15 and a 12 month high of $2.39. 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 50 day simple moving average is $1.92 and its 200 day simple moving average is $1.73.

Carver Bancorp (NASDAQ:CARV) last announced its 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 company 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.