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

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

Carver Bancorp Price Performance

CARV opened at $2.05 on Friday. The stock has a market cap of $10.22 million, a price-to-earnings ratio of -2.05 and a beta of 1.09. 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 firm’s fifty day moving average is $1.90 and its 200 day moving average is $1.72. 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 released its quarterly earnings data on Wednesday, August 14th. The savings and loans company reported ($0.43) earnings per share (EPS) for the quarter. The company had revenue of $6.21 million for the quarter. Carver Bancorp had a negative net margin of 8.95% and a negative return on equity of 20.02%.

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.