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.
Excellent balance sheet with weak fundamentals.
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.
7 Day Return
1 Year Return
Return vs Industry: CARV underperformed the US Mortgage industry which returned 7.3% over the past year.
Return vs Market: CARV underperformed the US Market which returned 20.1% over the past year.
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
2 weeks ago | Simply Wall StHow Much Did Carver Bancorp, Inc.'s (NASDAQ:CARV) CEO Pocket Last Year?
1 month ago | Simply Wall StIntroducing Carver Bancorp (NASDAQ:CARV), The Stock That Slid 57% In The Last Five Years
2 months ago | Simply Wall StDoes The Carver Bancorp, Inc. (NASDAQ:CARV) Share Price Tend To Follow The Market?
Is Carver Bancorp undervalued compared to its fair value and its price relative to the market?
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 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 (2x) compared to the US Mortgage industry average (1.1x).
How is Carver Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Carver Bancorp performed over the past 5 years?
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 -29.9% 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 (11.1%).
Return on Equity
High ROE: CARV has a negative Return on Equity (-10.38%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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
Inventory Level: CARV has a low level of unsold assets or inventory.
Debt Coverage by Assets: CARV's debt is covered by short term assets (assets are 1.6x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CARV has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: CARV has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -63.7% each year
Financial Institutions Analysis
Asset Level: CARV's level of assets compared to its equity is moderate.
Allowance for Bad Loans: CARV has a low allowance for bad loans.
Low Risk Liabilities: CARV's liabilities are made up of primarily low risk sources of funding.
Loan Level: CARV has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CARV's loans are broadly funded by customer deposits.
Level of Bad Loans: CARV has an appropriate level of bad loans (1.7%)
What is Carver Bancorp's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate CARV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CARV's dividend yield against the top 25% of dividend payers, as the company has not reported any 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Pugh (48yo)
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 ($USD384.29K) is about average for companies of similar size in the US market ($USD521.92K).
Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.
|First Senior VP & CFO||3.9yrs||US$254.62k||no data|
|Senior VP & Chief Credit Officer||1.9yrs||US$207.58k||0.16% $15.4k|
|Senior VP||2yrs||no data||0.16% $15.4k|
Experienced Management: CARV's management team is considered experienced (3 years average tenure).
|Independent Director||23.1yrs||US$46.03k||0.0024% $225.4|
|Independent Director||3yrs||US$30.33k||0.027% $2.6k|
|Independent Director||6.3yrs||US$28.63k||0.027% $2.6k|
|Independent Director||6.3yrs||US$22.73k||0.047% $4.5k|
|Independent Director||9.5yrs||US$19.65k||0.0018% $171.4|
|Non-Executive Chairman of the Board||3.1yrs||US$67.50k||0.0018% $168.6|
|Independent Director||9.5yrs||US$44.58k||0.0018% $171.4|
|Independent Director||6.3yrs||US$30.20k||0.027% $2.6k|
|Director||0.5yrs||no data||no data|
Experienced Board: CARV's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Carver Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Carver Bancorp, Inc.
- Ticker: CARV
- Exchange: NasdaqCM
- Founded: 1948
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$9.471m
- Shares outstanding: 3.70m
- Website: https://www.carverbank.com
Number of Employees
- Carver Bancorp, Inc.
- 75 West 125th Street
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CARV||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Oct 1994|
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. It accepts various deposit products, including demand, savings, and time deposits; passbook and statement accounts, and certificates of deposit; and individual retirement accounts. The company also provides one-to-four family residential, multifamily real estate, and commercial real estate lending products, as well as construction, business, and consumer and other loans. In addition, it offers other consumer and commercial banking products and services, including debit card, online banking, online bill pay, and telephone banking, as well as check cashing, wire transfer, bill payment, reloadable prepaid card, and money order services. The company operates through one administrative office, eight branches, and three ATM locations. Carver Bancorp, Inc. was founded in 1948 and is headquartered in New York, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 23:36|
|End of Day Share Price||2020/02/14 00:00|
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.