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

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

Carver Bancorp Stock Performance

Shares of NASDAQ:CARV opened at $1.75 on Friday. Carver Bancorp has a 12-month low of $1.26 and a 12-month high of $2.39. The company’s 50 day moving average price is $1.85 and its two-hundred day moving average price is $1.76. The firm has a market cap of $8.93 million, a PE ratio of -2.33 and a beta of 1.09. 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 (NASDAQ:CARV) last issued its quarterly 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.