Carver Bancorp (NASDAQ:CARV) Posts Earnings Results

Carver Bancorp (NASDAQ:CARV) posted its earnings results on Thursday. The savings and loans company reported ($1.09) EPS for the quarter, Zacks reports. Carver Bancorp had a negative return on equity of 22.33% and a negative net margin of 9.98%.

Carver Bancorp Stock Up 1.1 %

Shares of CARV traded up $0.02 during trading on Thursday, reaching $1.76. The company’s stock had a trading volume of 7,065 shares, compared to its average volume of 6,585. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.11. The company has a fifty day moving average of $1.81 and a two-hundred day moving average of $1.83. The company has a market cap of $8.99 million, a price-to-earnings ratio of -2.12 and a beta of 1.13. Carver Bancorp has a twelve month low of $1.26 and a twelve month high of $2.39.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Carver Bancorp in a research note on Thursday. They set a “sell” rating on the stock.

Insider Activity at Carver Bancorp

In other news, CEO Donald Felix purchased 26,946 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average cost of $1.67 per share, for a total transaction of $44,999.82. Following the completion of the purchase, the chief executive officer now owns 26,946 shares of the company’s stock, valued at approximately $44,999.82. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.32% of the stock is currently owned by corporate insiders.

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.