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

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

Carver Bancorp Trading Up 1.8 %

Shares of CARV opened at $1.66 on Wednesday. The stock has a fifty day moving average of $1.89 and a two-hundred day moving average of $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 capitalization of $8.28 million, a PE ratio of -1.66 and a beta of 1.09. Carver Bancorp has a fifty-two week low of $1.15 and a fifty-two week high of $2.39.

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 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%.

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.