Carver Bancorp (NASDAQ:CARV) Posts Quarterly Earnings Results

Carver Bancorp (NASDAQ:CARV) posted 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 net margin of 9.98% and a negative return on equity of 22.33%.

Carver Bancorp Stock Down 1.7 %

NASDAQ CARV opened at $1.73 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.11. The company has a 50 day moving average price of $1.81 and a two-hundred day moving average price of $1.82. Carver Bancorp has a 12-month low of $1.26 and a 12-month high of $2.39.

Insider Transactions at Carver Bancorp

In other news, CEO Donald Felix acquired 26,946 shares of Carver Bancorp stock in a transaction dated 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 $44,999.82. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Carver Bancorp in a research note 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.