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

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

Carver Bancorp Stock Down 4.9 %

Shares of NASDAQ:CARV opened at $1.95 on Friday. The company’s fifty day moving average is $1.91 and its 200-day moving average is $1.72. 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. The company has a market capitalization of $9.72 million, a PE ratio of -1.95 and a beta of 1.09.

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

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.