NasdaqCM:CARV

Stock Analysis Report

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Executive Summary

Carver Bancorp, Inc. operates as the holding company for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services for consumers, businesses, and governmental and quasi-governmental agencies primarily in New York. More Details


Snowflake Analysis

Adequate balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Carver Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CARV has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.3%

CARV

-2.5%

US Mortgage

-0.7%

US Market


1 Year Return

115.1%

CARV

-18.0%

US Mortgage

19.9%

US Market

Return vs Industry: CARV exceeded the US Mortgage industry which returned -18% over the past year.

Return vs Market: CARV exceeded the US Market which returned 19.9% over the past year.


Shareholder returns

CARVIndustryMarket
7 Day0.3%-2.5%-0.7%
30 Day8.1%3.6%5.8%
90 Day8.8%13.1%8.3%
1 Year115.1%115.1%-15.6%-18.0%22.7%19.9%
3 Year215.6%215.6%-3.5%-11.5%43.5%33.9%
5 Year-1.5%-1.5%18.8%2.8%86.9%65.8%

Price Volatility Vs. Market

How volatile is Carver Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Carver Bancorp undervalued compared to its fair value and its price relative to the market?

10.02x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CARV's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CARV's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CARV is unprofitable, so we can't compare its PE Ratio to the US Mortgage industry average.

PE vs Market: CARV is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CARV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CARV is overvalued based on its PB Ratio (10x) compared to the US Mortgage industry average (0.8x).


Next Steps

Future Growth

How is Carver Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-12.6%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Carver Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Carver Bancorp performed over the past 5 years?

-28.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CARV is currently unprofitable.

Growing Profit Margin: CARV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CARV is unprofitable, and losses have increased over the past 5 years at a rate of 28.6% per year.

Accelerating Growth: Unable to compare CARV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CARV is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage industry (5.3%).


Return on Equity

High ROE: CARV has a negative Return on Equity (-10.83%), as it is currently unprofitable.


Next Steps

Financial Health

How is Carver Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CARV's Assets to Equity ratio (14.3x) is moderate.

Allowance for Bad Loans: CARV has a low allowance for bad loans (41%).

Low Risk Liabilities: 87% of CARV's liabilities are made up of primarily low risk sources of funding.

Loan Level: CARV has an appropriate level of Loans to Assets ratio (68%).

Low Risk Deposits: CARV's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: CARV has a high level of bad loans (2.6%).


Next Steps

Dividend

What is Carver Bancorp current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CARV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CARV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CARV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CARV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CARV is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CARV's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Michael Pugh (49 yo)

5.75yrs

Tenure

US$384,542

Compensation

Mr. Michael T. Pugh serves as President, Chief Executive Officer and Director of Carver Bancorp, Inc. (“Carver”) since January 1, 2015. He serves as President, Chief Executive Officer and Director at Carve ...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD384.54K) is below average for companies of similar size in the US market ($USD585.94K).

Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Pugh
President5.75yrsUS$384.54k0.70%
$ 133.8k
Christina Maier
First Senior VP & CFO4.58yrsUS$256.82k0.21%
$ 40.1k
Sophia Haliotis
Senior VP & Chief Credit Officer2.58yrsUS$210.38k0.42%
$ 80.3k
Isaac Torres
Senior VP2.67yrsno data0.38%
$ 72.9k
Richard Muskus
Senior VP & Chief Revenue Officer0.75yrno datano data
Jimmy Montes
1st VP, Senior Counsel and Corporate Secretaryno datano datano data

2.7yrs

Average Tenure

55.5yo

Average Age

Experienced Management: CARV's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Pugh
President5.75yrsUS$384.54k0.70%
$ 133.8k
Pazel Jackson
Independent Director23.75yrsUS$40.80k0.0031%
$ 588.8
Craig MacKay
Independent Director3.67yrsUS$32.30k0.035%
$ 6.7k
Kenneth Knuckles
Independent Director7yrsUS$27.30k0.035%
$ 6.7k
Colvin Grannum
Independent Director7yrsUS$26.60k0.061%
$ 11.6k
Janet Rolle
Independent Director10.17yrsUS$22.23k0.0023%
$ 447.3
Susan Tohbe
Independent Director10.17yrsUS$48.13k0.0023%
$ 447.3
Lewis Jones
Independent Chairman of the Board0.50yrUS$33.33k0.035%
$ 6.7k
Jillian Joseph
Director1.17yrsUS$18.25k0.035%
$ 6.7k
Steven Bussey
Independent Director0.42yrno data0.035%
$ 6.7k

6.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: CARV's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CARV insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Carver Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Carver Bancorp, Inc.
  • Ticker: CARV
  • Exchange: NasdaqCM
  • Founded: 1948
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$19.116m
  • Shares outstanding: 2.86m
  • Website: https://www.carverbank.com

Number of Employees


Location

  • Carver Bancorp, Inc.
  • 75 West 125th Street
  • At Lenox Avenue
  • New York
  • New York
  • 10027
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CARVNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDOct 1994

Biography

Carver Bancorp, Inc. operates as the holding company for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services for consumers, businesses, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 06:29
End of Day Share Price2020/10/16 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.