Carver Bancorp (NASDAQ:CARV) Posts Earnings Results

Carver Bancorp (NASDAQ:CARV) issued its earnings results on Tuesday. The savings and loans company reported ($0.72) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $5.51 million during the quarter. Carver Bancorp had a negative return on equity of 88.11% and a negative net margin of 36.78%.

Carver Bancorp Trading Up 1.7%

Shares of Carver Bancorp stock opened at $1.75 on Thursday. The company has a market capitalization of $8.94 million, a P/E ratio of -0.66 and a beta of 1.31. Carver Bancorp has a 1 year low of $1.30 and a 1 year high of $2.20. The company’s fifty day moving average is $1.46 and its two-hundred day moving average is $1.59. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.03 and a current ratio of 1.03.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on Carver Bancorp in a research report on Tuesday, May 20th. They set a “sell” rating for the company.

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.