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

StockNews.com assumed coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research note issued to investors on Saturday. The brokerage issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Trading Up 4.9 %

Shares of Carver Bancorp stock opened at $1.71 on Friday. The stock has a market cap of $8.79 million, a P/E ratio of -2.28 and a beta of 1.11. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.66. Carver Bancorp has a 12-month low of $1.26 and a 12-month high of $2.39. The business’s 50 day moving average is $1.80 and its 200-day moving average is $1.78.

Carver Bancorp (NASDAQ:CARV) last posted its quarterly earnings results on Wednesday, August 14th. The savings and loans company reported ($0.43) earnings per share (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.