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

Equities research analysts at StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARVGet Free Report) in a research note issued on Saturday. The firm set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Trading Up 0.6 %

Shares of CARV stock opened at $1.66 on Friday. Carver Bancorp has a 12-month low of $1.26 and a 12-month high of $2.39. The company has a market capitalization of $8.53 million, a P/E ratio of -2.21 and a beta of 1.11. The firm has a 50-day moving average price of $1.81 and a 200 day moving average price of $1.77. 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 (NASDAQ:CARVGet Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The savings and loans company reported ($0.43) earnings per share (EPS) for the quarter. Carver Bancorp had a negative net margin of 8.95% and a negative return on equity of 20.02%. The firm had revenue of $6.21 million for the quarter.

Carver Bancorp Company Profile

(Get Free Report)

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.

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