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Carver Bancorp

Nasdaq:CARV
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CARV
Nasdaq
$11M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Carver Bancorp, Inc. operates as a 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. The last earnings update was 17 days ago. More info.


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CARV Share Price and Events
7 Day Returns
-5.4%
NasdaqCM:CARV
0.4%
US Mortgage
0.8%
US Market
1 Year Returns
-24.2%
NasdaqCM:CARV
5.3%
US Mortgage
4.8%
US Market
CARV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Carver Bancorp (CARV) -5.4% -2% -10.3% -24.2% -40.7% -68.2%
US Mortgage 0.4% 3.3% 2.7% 5.3% 34.6% 46.8%
US Market 0.8% 4.3% 2.8% 4.8% 37.9% 43.5%
1 Year Return vs Industry and Market
  • CARV underperformed the Mortgage industry which returned 5.3% over the past year.
  • CARV underperformed the Market in United States of America which returned 4.8% over the past year.
Price Volatility
CARV
Industry
5yr Volatility vs Market

Value

 Is Carver Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Carver Bancorp. This is due to cash flow or dividend data being unavailable. The share price is $2.97.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Carver Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Carver Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:CARV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-1.60
NasdaqCM:CARV Share Price ** NasdaqCM (2019-07-15) in USD $2.97
United States of America Mortgage Industry PE Ratio Median Figure of 129 Publicly-Listed Mortgage Companies 14.36x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Carver Bancorp.

NasdaqCM:CARV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:CARV Share Price ÷ EPS (both in USD)

= 2.97 ÷ -1.60

-1.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Carver Bancorp is loss making, we can't compare its value to the US Mortgage industry average.
  • Carver Bancorp is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Carver Bancorp's expected growth come at a high price?
Raw Data
NasdaqCM:CARV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Mortgage Industry PEG Ratio Median Figure of 50 Publicly-Listed Mortgage Companies 1.45x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Carver Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Carver Bancorp's assets?
Raw Data
NasdaqCM:CARV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.55
NasdaqCM:CARV Share Price * NasdaqCM (2019-07-15) in USD $2.97
United States of America Mortgage Industry PB Ratio Median Figure of 145 Publicly-Listed Mortgage Companies 1.13x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NasdaqCM:CARV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:CARV Share Price ÷ Book Value per Share (both in USD)

= 2.97 ÷ 0.55

5.44x

* Primary Listing of Carver Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Carver Bancorp is overvalued based on assets compared to the US Mortgage industry average.
X
Value checks
We assess Carver Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Carver Bancorp has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.6%
Expected Mortgage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Carver Bancorp expected to grow at an attractive rate?
  • Unable to compare Carver Bancorp's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Carver Bancorp's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Carver Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:CARV Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 10.6%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:CARV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:CARV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 22 -9 -6
2018-12-31 32 -2 0
2018-09-30 32 -5 0
2018-06-30 33 -3 2
2018-03-31 33 -5 2
2017-12-31 25 -5 -4
2017-09-30 25 0 -4
2017-06-30 25 -1 -4
2017-03-31 26 1 -3
2016-12-31 26 1 -3
2016-09-30 28 -3 -2
2016-06-30 27 0 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Carver Bancorp is high growth as no earnings estimate data is available.
  • Unable to determine if Carver Bancorp is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:CARV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Carver Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:CARV Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -1.60
2018-12-31 -0.02
2018-09-30 0.09
2018-06-30 0.48
2018-03-31 0.58
2017-12-31 -1.14
2017-09-30 -1.11
2017-06-30 -0.98
2017-03-31 -0.77
2016-12-31 -0.79
2016-09-30 -0.50
2016-06-30 -0.49

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Carver Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Carver Bancorp's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Carver Bancorp's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. Carver Bancorp's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Carver Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Carver Bancorp has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Carver Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Carver Bancorp's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Carver Bancorp does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Carver Bancorp's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Carver Bancorp's 1-year growth to the US Mortgage industry average as it is not currently profitable.
Earnings and Revenue History
Carver Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Carver Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:CARV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 22.22 -5.94 20.22
2018-12-31 31.91 -0.07 20.32
2018-09-30 32.18 0.34 20.41
2018-06-30 33.06 1.76 19.91
2018-03-31 33.30 2.15 19.80
2017-12-31 24.50 -4.21 20.17
2017-09-30 24.54 -4.12 19.95
2017-06-30 24.84 -3.62 19.67
2017-03-31 25.80 -2.85 19.35
2016-12-31 25.78 -2.93 19.07
2016-09-30 27.57 -1.85 19.26
2016-06-30 27.17 -1.82 19.16
2016-03-31 26.48 -1.77 19.08
2015-12-31 26.65 -0.42 18.75
2015-09-30 25.61 -0.54 18.51
2015-06-30 26.35 -0.27 18.69
2015-03-31 26.80 -0.27 18.59
2014-12-31 26.77 -0.28 18.25
2014-09-30 27.25 -1.21 19.24
2014-06-30 27.42 -1.07 18.72
2014-03-31 26.53 -0.84 18.40
2013-12-31 30.16 0.62 18.09
2013-09-30 29.90 1.91 16.94
2013-06-30 29.59 1.43 17.23
2013-03-31 29.28 0.66 17.47
2012-12-31 20.31 -7.17 17.27
2012-09-30 18.78 -8.33 17.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Carver Bancorp has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Carver Bancorp has efficiently used its assets last year compared to the US Mortgage industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Carver Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Carver Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Carver Bancorp has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Carver Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Carver Bancorp Company Filings, last reported 3 months ago.

NasdaqCM:CARV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 47.14 21.40 32.20
2018-12-31 47.90 13.40 41.05
2018-09-30 48.27 13.40 61.50
2018-06-30 50.60 13.40 93.06
2018-03-31 51.97 38.40 135.53
2017-12-31 45.43 38.40 77.61
2017-09-30 46.67 39.40 68.64
2017-06-30 47.14 44.40 46.44
2017-03-31 47.40 49.40 59.67
2016-12-31 51.42 58.40 62.45
2016-09-30 54.41 43.40 73.79
2016-06-30 54.98 49.40 46.03
2016-03-31 51.88 68.40 64.17
2015-12-31 55.07 88.40 46.08
2015-09-30 55.22 83.40 57.67
2015-06-30 54.29 58.40 45.83
2015-03-31 53.65 83.40 50.99
2014-12-31 54.19 59.40 64.91
2014-09-30 53.13 62.40 102.35
2014-06-30 52.92 62.40 121.40
2014-03-31 51.17 70.40 122.55
2013-12-31 50.43 95.40 118.30
2013-09-30 51.76 95.40 105.84
2013-06-30 52.85 87.40 107.85
2013-03-31 56.74 76.40 104.65
2012-12-31 55.60 73.40 121.85
2012-09-30 55.18 65.41 92.08
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Carver Bancorp has an acceptable proportion of non-loan assets held.
  • Carver Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Carver Bancorp are broadly funded by customer deposits.
  • Carver Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Carver Bancorp has a low allowance for bad loans.
  • Carver Bancorp has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Carver Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Carver Bancorp has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Carver Bancorp dividends.
If you bought $2,000 of Carver Bancorp shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Carver Bancorp's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Carver Bancorp's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:CARV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 95 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:CARV Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2012-08-14 0.000 0.000
2012-08-07 0.000 0.000
2012-06-29 0.000 0.000
2012-06-27 0.000 0.000
2012-02-14 0.000 0.000
2011-11-15 0.000 0.000
2011-08-15 0.000 0.000
2011-08-05 0.000 0.000
2011-06-30 0.000 0.000
2011-02-15 0.000 0.000
2011-02-14 0.000 0.000
2010-11-15 0.000 0.000
2010-10-29 0.000 0.000
2010-08-13 1.500 2.901
2010-07-16 1.500 1.544
2010-02-05 6.000 5.058
2009-11-16 6.000 5.093
2009-08-17 6.000 6.316
2009-05-29 6.000 7.266
2009-02-13 6.000 10.370
2008-11-14 6.000 7.398
2008-08-19 6.000 5.754

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Carver Bancorp has not reported any payouts.
  • Unable to verify if Carver Bancorp's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Carver Bancorp's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Carver Bancorp has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Carver Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Carver Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Carver Bancorp has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Carver Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Pugh
COMPENSATION $379,551
AGE 48
TENURE AS CEO 4.5 years
CEO Bio

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 Carver Federal Savings Bank. From January 2013 through December 2014, Mr. Pugh served as Carver’s President and Chief Operating Officer. In 2012, he was Carver’s Chief Revenue Consultant, focusing on redesigning its business strategy, management structure and related processes. He has been a critical leader in bank technology integrations, launching new lines of business and executing new growth market strategies. Prior to joining Carver in August 2012, Mr. Pugh worked at Capital One, N.A., as Senior Vice President, Regional Executive and Market President of the Eastern Maryland, Delaware and Washington, D.C. markets. He was a Senior Vice President, Retail Banking Executive for Citizens Financial Group, Citizens Bank. He led retail banking teams in the Michigan and Indiana markets with up to 67 banking centers. Mr. Pugh is a retail banking veteran of more than 22 years and has led teams of up to 600 associates in consumer and business banking, residential lending and call center operations. He currently serves on the Board of the New York Business Development Corporation. Mr. Pugh is a Board Member for several nonprofit organizations, including the Community Development Bankers Association and the Society for Financial Education and Professional Development, where he serves as Chairman. He earned a B.S. in Health Administration from Eastern Michigan University and completed advanced management training at Babson College

CEO Compensation
  • Michael's compensation has increased whilst company is loss making.
  • Michael's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Carver Bancorp management team in years:

2.4
Average Tenure
59
Average Age
  • The tenure for the Carver Bancorp management team is about average.
Management Team

Michael Pugh

TITLE
President
COMPENSATION
$380K
AGE
48
TENURE
4.5 yrs

Chris Maier

TITLE
First Senior VP & CFO
COMPENSATION
$253K
AGE
65
TENURE
3.3 yrs

Sophia Haliotis

TITLE
Senior VP & Chief Credit Officer
COMPENSATION
$194K
TENURE
1.3 yrs

Isaac Torres

TITLE
Senior VP
TENURE
1.4 yrs

Donald Marmo

TITLE
Senior VP & Controller
AGE
59
Board of Directors Tenure

Average tenure and age of the Carver Bancorp board of directors in years:

5.8
Average Tenure
66.5
Average Age
  • The tenure for the Carver Bancorp board of directors is about average.
Board of Directors

Bob Tarter

TITLE
Non-Executive Chairman of the Board
COMPENSATION
$57K
AGE
71
TENURE
2.5 yrs

Michael Pugh

TITLE
President
COMPENSATION
$380K
AGE
48
TENURE
3.8 yrs

Pazel Jackson

TITLE
Director
COMPENSATION
$50K
AGE
87
TENURE
22.5 yrs

Susan Tohbe

TITLE
Director
COMPENSATION
$50K
AGE
71
TENURE
8.9 yrs

Janet Rollé

TITLE
Director
COMPENSATION
$20K
AGE
57
TENURE
8.9 yrs

Craig MacKay

TITLE
Director
COMPENSATION
$35K
AGE
55
TENURE
2.4 yrs

Colvin Grannum

TITLE
Director
COMPENSATION
$27K
AGE
66
TENURE
5.8 yrs

Lewis Jones

TITLE
Director
COMPENSATION
$36K
AGE
67
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Sep 18 Buy Robert Mooney Individual 13. Sep 18 13. Sep 18 4,500 $4.39 $19,717
X
Management checks
We assess Carver Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Carver Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Be Tempted To Buy Carver Bancorp Inc (NASDAQ:CARV) At Its Current PE Ratio?

While CARV might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … Check out our latest analysis for Carver Bancorp

Simply Wall St -

Is Carver Bancorp Inc's (NASDAQ:CARV) CEO Paid Enough Relative To Peers?

Michael Pugh is the CEO of Carver Bancorp Inc (NASDAQ:CARV), which has recently grown to a market capitalization of US$17.56m. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … See our latest analysis for Carver Bancorp

Simply Wall St -

Is Carver Bancorp Inc's (NASDAQ:CARV) CEO Pay Fair?

See our latest analysis for Carver Bancorp Did Pugh create value? … CARV can create value to shareholders by increasing its profitability, which in turn is reflected into the share price and the investor's ability to sell their shares at higher capital gains. … Recently, CARV produced negative earnings of -US$4.21M , which is a further decline from prior year's loss of -US$2.93M.

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Carver Bancorp Inc (NASDAQ:CARV): Risks You Need To Consider Before Buying

Generally, an investor should consider two types of risk that impact the market value of CARV. … Based on this beta value, CARV appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … How CARV's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

With A -43.74% Earnings Drop, Is Carver Bancorp Inc's (NASDAQ:CARV) A Concern?

After looking at Carver Bancorp Inc's (NASDAQ:CARV) latest earnings announcement (31 December 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … See our latest analysis for Carver Bancorp Was CARV's recent earnings decline worse than the long-term trend and the industry? … NasdaqCM:CARV Income Statement Mar 27th 18 We can further examine Carver Bancorp's loss by looking at what the industry has been experiencing over the past few years.

Simply Wall St -

What’s Ahead For Carver Bancorp Inc (NASDAQ:CARV)?

Carver Bancorp Inc (NASDAQ:CARV), a US$9.90M small-cap, is a financial services company operating in an industry, whose performance can be gauged by house price index and the general stock market which are proxies for consumer and business confidence for credit. … Check out our latest analysis for Carver Bancorp What’s the catalyst for Carver Bancorp's sector growth? … A loose alternative to gauge Carver Bancorp’s value is to assume the stock should be relatively in-line with its industry.

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Does Carver Bancorp Inc's (NASDAQ:CARV) CEO Salary Compared Well With Others?

Performance can be measured based on factors such as earnings and total shareholder return (TSR). … I believe earnings is a cleaner proxy, since many factors can impact share price, and therefore, TSR. … Usually I would look at market cap and earnings as a proxy for performance, however, CARV's negative earnings reduces the usefulness of my formula.

Simply Wall St -

How Does Carver Bancorp Inc (NASDAQ:CARV) Affect Your Portfolio Returns?

See our latest analysis for Carver Bancorp An interpretation of CARV's beta Carver Bancorp has a beta of 1.06, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements. … A market capitalisation of $10.87M puts CARV in the category of small-cap stocks, which tends to possess higher beta than larger companies.

Simply Wall St -

Interested In Carver Bancorp Inc (NASDAQ:CARV)? Here's How It's Performing

When Carver Bancorp Inc (NASDAQ:CARV) released its most recent earnings update (30 September 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Carver Bancorp's average earnings over the past couple of years, and its industry performance. … Check out our latest analysis for Carver Bancorp Was CARV's recent earnings decline worse than the long-term trend and the industry?

Simply Wall St -

Carver Bancorp Inc (CARV): Is Financials Attractive Relative To NasdaqCM Peers?

As the company trails the rest of the industry in terms of growth, CARV may also be a cheaper stock relative to its peers. … If your initial investment thesis is around the growth prospects of CARV, there are other mortgage and thrifts companies that have delivered higher growth, and perhaps trading at a discount to the industry average. … Although its growth has delivered lower growth relative to its mortgage and thrifts peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.

Simply Wall St -

Company Info

Description

Carver Bancorp, Inc. operates as a 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, nine branches, and three ATM locations. Carver Bancorp, Inc. was founded in 1948 and is headquartered in New York, New York.

Details
Name: Carver Bancorp, Inc.
CARV
Exchange: NasdaqCM
Founded: 1948
$10,985,388
3,698,784
Website: http://www.carverbank.com
Address: Carver Bancorp, Inc.
75 West 125th Street,
New York,
New York, 10027,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM CARV Common Stock Nasdaq Capital Market US USD 25. Oct 1994
Number of employees
Current staff
Staff numbers
114
Carver Bancorp employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 23:35
End of day share price update: 2019/07/15 00:00
Last earnings filing: 2019/06/28
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.