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CARV

Carver BancorpNasdaqCM:CARV Stock Report

Market Cap

US$61.4m

7D

34.1%

1Y

159.6%

Updated

27 Sep, 2021

Data

Company Financials
CARV fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

CARV Overview

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

Summary of all time highs, changes and price drops for Carver Bancorp
Historical stock prices
Current Share PriceUS$17.63
52 Week HighUS$5.85
52 Week LowUS$42.50
Beta1.15
1 Month Change-3.13%
3 Month Change50.17%
1 Year Change159.65%
3 Year Change310.00%
5 Year Change244.34%
Change since IPO-84.65%

Recent News & Updates

Jul 12

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.

Shareholder Returns

CARVUS MortgageUS Market
7D34.1%4.2%2.0%
1Y159.6%22.5%32.8%

Return vs Industry: CARV exceeded the US Mortgage industry which returned 22.5% over the past year.

Return vs Market: CARV exceeded the US Market which returned 32.8% over the past year.

Price Volatility

Is CARV's price volatile compared to industry and market?
CARV volatility
CARV Beta1.15
Industry Beta1.13
Market Beta1

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 20% to 35% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1948106Michael Pughhttps://www.carverbank.com

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

How do Carver Bancorp's earnings and revenue compare to its market cap?
CARV fundamental statistics
Market CapUS$61.38m
Earnings (TTM)-US$5.84m
Revenue (TTM)US$23.08m

2.3x

P/B Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CARV income statement (TTM)
RevenueUS$23.08m
Cost of RevenueUS$0
Gross ProfitUS$23.08m
ExpensesUS$28.92m
Earnings-US$5.84m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.68
Gross Margin100.00%
Net Profit Margin-25.31%
Debt/Equity Ratio66.0%

How did CARV perform over the long term?

See historical performance and comparison

Valuation

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

2.27x

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 (2.3x) compared to the US Mortgage industry average (1.1x).


Future Growth

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

-7.6%

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.


Past Performance

How has Carver Bancorp performed over the past 5 years?

-21.0%

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 (34%).


Return on Equity

High ROE: CARV has a negative Return on Equity (-11.3%), as it is currently unprofitable.


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 (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%).


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?

3.6yrs

Average management tenure


CEO

Michael Pugh (50 yo)

6.67yrs

Tenure

US$382,335

Compensation

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 ($USD382.34K) is about average for companies of similar size in the US market ($USD546.08K).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CARV's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: CARV's board of directors are considered experienced (5.9 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 been diluted in the past year, with total shares outstanding growing by 21.8%.


Top Shareholders

Company Information

Carver Bancorp, Inc.'s 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$61.379m
  • Shares outstanding: 3.48m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 22:57
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.