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

StockNews.com began coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report issued on Saturday morning. The firm issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Up 0.9 %

Shares of NASDAQ:CARV opened at $1.86 on Friday. The business’s 50 day simple moving average is $1.87 and its two-hundred day simple moving average is $1.71. The firm has a market cap of $9.27 million, a P/E ratio of -1.86 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. Carver Bancorp has a 52-week low of $1.15 and a 52-week high of $2.39.

Carver Bancorp (NASDAQ:CARV) last posted its earnings results on Wednesday, August 14th. The savings and loans company reported ($0.43) earnings per share for the quarter. Carver Bancorp had a negative net margin of 8.95% and a negative return on equity of 20.02%. The company had revenue of $6.21 million during 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.