Carver Bancorp (NASDAQ:CARV) Releases Earnings Results

Carver Bancorp (NASDAQ:CARV) announced its earnings results on Thursday. The savings and loans company reported ($1.09) earnings per share (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 Price Performance

CARV stock opened at $1.73 on Friday. Carver Bancorp has a twelve month low of $1.26 and a twelve month high of $2.39. The business’s 50-day simple moving average is $1.81 and its 200 day simple moving average is $1.82. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.03 and a quick ratio of 1.03.

Insider Buying and Selling

In other news, CEO Donald Felix bought 26,946 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average cost of $1.67 per share, with a total value of $44,999.82. Following the completion of the transaction, the chief executive officer now directly owns 26,946 shares in the company, valued at $44,999.82. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Carver Bancorp in a report on Thursday. They issued 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.