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

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

Carver Bancorp Stock Performance

Carver Bancorp stock opened at $1.71 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.05 and a current ratio of 1.05. Carver Bancorp has a fifty-two week low of $1.26 and a fifty-two week high of $2.39. The stock has a fifty day moving average of $1.79 and a two-hundred day moving average of $1.78. The company has a market capitalization of $8.79 million, a price-to-earnings ratio of -2.06 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. The firm had revenue of $6.21 million for the quarter. Carver Bancorp had a negative return on equity of 20.02% and a negative net margin of 8.95%.

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.