Carver Bancorp, Inc. operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, and governmental and quasi-governmental agencies primarily in New York.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$15.27|
|52 Week High||US$5.40|
|52 Week Low||US$42.50|
|1 Month Change||-7.62%|
|3 Month Change||52.55%|
|1 Year Change||146.69%|
|3 Year Change||215.50%|
|5 Year Change||239.33%|
|Change since IPO||-86.70%|
Recent News & Updates
Carver Bancorp: Looking For Evidence Of Market Top? This May Be It
In four decades of banking, I have never seen anything as looney as this: A “Triple F” bank soared 141% during the past week and 308% YTD. Knowing a good thing when he sees it, the third largest shareholder sold all his shares last week in this marginally unprofitable bank. When the stock prices of the market’s least profitable companies act weird and big shareholders prudently exit large positions, we may be seeing evidence of a market top. Record-high market valuations have spooked me for a while. When a perennially underperforming bank sees its valuation match industry leaders, it is time for me to reduce equity exposure and take profits in non-taxable accounts.
|CARV||US Mortgage||US Market|
Return vs Industry: CARV exceeded the US Mortgage industry which returned 14% over the past year.
Return vs Market: CARV exceeded the US Market which returned 33.8% over the past year.
Stable Share Price: CARV is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 35% a week.
Volatility Over Time: CARV's weekly volatility has increased from 21% to 35% over the past year.
About the Company
Carver Bancorp, Inc. operates as the holding company for Carver Federal 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 lending products, such as one-to-four family residential, multifamily real estate, and commercial real estate; and construction, business and small business administration, and consumer and other loans.
Carver Bancorp Fundamentals Summary
|CARV fundamental statistics|
Is CARV overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CARV income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-1.75|
|Net Profit Margin||-25.31%|
How did CARV perform over the long term?See historical performance and comparison
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 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 (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 21% 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 (36.9%).
Return on Equity
High ROE: CARV has a negative Return on Equity (-11.3%), as it is currently unprofitable.
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
Financial Institutions Analysis
Asset Level: CARV's Assets to Equity ratio (13.2x) is moderate.
Allowance for Bad Loans: CARV has a low allowance for bad loans (77%).
Low Risk Liabilities: 90% 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 (71%).
Low Risk Deposits: CARV's Loans to Deposits ratio (85%) is appropriate.
Level of Bad Loans: CARV has an appropriate level of bad loans (1.4%).
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Pugh (50 yo)
Mr. Michael T. Pugh serves as Director at Elevate Credit, Inc. since August 18, 2021. He serves as President, Chief Executive Officer and Director of Carver Bancorp, Inc. (“Carver”) since January 1, 2015....
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD382.34K) is about average for companies of similar size in the US market ($USD544.49K).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
Experienced Management: CARV's management team is considered experienced (3.6 years average tenure).
Experienced Board: CARV's board of directors are considered experienced (5.9 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.8%.
Carver Bancorp, Inc.'s 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$53.163m
- Shares outstanding: 3.48m
- Website: https://www.carverbank.com
Number of Employees
- Carver Bancorp, Inc.
- 75 West 125th Street
- At Lenox Avenue
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 22:07|
|End of Day Share Price||2021/09/17 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.