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CARV Carver Bancorp

Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank. Headquartered in Harlem, NY, Carver was founded in 1948 to serve African-American communities whose residents, businesses, and institutions had limited access to mainstream financial services. The U.S. Treasury Department has designated Carver as a Community Development Financial Institution ('CDFI') because of its community-focused banking services and dedication to its local community's economic viability and revitalization. Carver is one of the largest African- and Caribbean-American managed banks in the United States. The Bank recently expanded its online presence to include consumer checking and savings accounts across nine states, from Massachusetts to Virginia, and Washington, D.C.

Company profile

CARV stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

29 Jun 21
29 Jul 21
31 Mar 22
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 21 Mar 20 Mar 19 Mar 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 75.59M 75.59M 75.59M 75.59M 75.59M 75.59M
Cash burn (monthly) 1.32M (positive/no burn) 267.67K 311.17K (positive/no burn) (positive/no burn)
Cash used (since last report) 5.23M n/a 1.06M 1.23M n/a n/a
Cash remaining 70.36M n/a 74.53M 74.36M n/a n/a
Runway (months of cash) 53.3 n/a 278.4 239.0 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Feb 21 Craig C MacKay Common Stock Buy Aquire P No No 9.9 79 782.1 1,100
24 Feb 21 Craig C MacKay Common Stock Buy Aquire P No No 9.89 21 207.69 1,021
1 Dec 20 Lewis P. Jones III Common Stock Sell Dispose S No No 7.17 200 1.43K 500
30 Nov 20 Lewis P. Jones III Common Stock Sell Dispose S No No 7.19 300 2.16K 700
29 Oct 20 Michael T. Pugh Common Stock Grant Aquire A No No 0 10,000 0 30,000
10 Sep 20 Isaac Torres Common Stock Sell Dispose S No No 6.41 1,100 7.05K 10,900
19 Nov 19 Sophia Haliotis Common Stock Sell Dispose S No No 6.56 1,214 7.96K 10,786

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

20.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 18 14 +28.6%
Opened positions 6 7 -14.3%
Closed positions 2 2
Increased positions 6 3 +100.0%
Reduced positions 1 3 -66.7%
13F shares
Current Prev Q Change
Total value 109.83M 13.62M +706.5%
Total shares 725.46K 682.55K +6.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
WFC Wells Fargo & Co. 157.81K $1.43M +2630116.7%
BAC Bank Of America 147.23K $1.34M 0.0%
Bridgeway Capital Management 146.5K $1.33M 0.0%
National Community Investment Fund 123.2K $800K 0.0%
Quinn Opportunity Partners 39.86K $362K -77.2%
Dimensional Fund Advisors 25.62K $233K +10.9%
Two Sigma Advisers 24.77K $225K NEW
Advisor 13.42K $122K +1119.5%
Susquehanna Fundamental Investments 12.5K $114K 0.0%
Citadel Advisors 10.18K $92K NEW
Largest transactions
Shares Bought/sold Change
WFC Wells Fargo & Co. 157.81K +157.81K +2630116.7%
Quinn Opportunity Partners 39.86K -135.17K -77.2%
Vanguard 0 -35.02K EXIT
Two Sigma Advisers 24.77K +24.77K NEW
Advisor 13.42K +12.32K +1119.5%
Alpine Global Management 0 -11.52K EXIT
Citadel Advisors 10.18K +10.18K NEW
J.W. Cole Advisors 10K +10K NEW
Steward Partners Investment Advisory 10K +5K +100.0%
Dimensional Fund Advisors 25.62K +2.52K +10.9%

Financial report summary

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Risks
  • Risks Related to Laws and Regulation and Their Enforcement
  • Carver is subject to more stringent capital requirements, which may adversely impact the Company's return on equity, or constrain it from paying dividends or repurchasing shares.
  • There can be no assurance that our regulator will approve payment of our deferred interest on our outstanding trust preferred securities.
  • Carver's results of operations may be adversely affected by loan repurchases from U.S. Government Sponsored entities (“GSE's”).
  • Risks Related to the Economic Conditions
  • Risks Related to Market Interest Rates
  • Changes in interest rates may adversely affect our profitability and financial condition.
  • Risks Related to the Bank's Business
  • Uncertainty surrounding the elimination of LIBOR and the proposed transition to SOFR may adversely affect our business.
  • Risks Related to the Bank's Operations
  • Failure to maintain effective systems of internal and disclosure controls could have a material adverse effect on the Company’s results of operation and financial condition.
  • Carver may not be able to utilize its income tax benefits.
  • Risks associated with cyber-security could negatively affect our earnings.
  • System failure or breaches of Carver’s network security could subject it to increased operating costs as well as litigation and other liabilities.
  • Risks Related to Future Stock Issuances
  • Risks Related to the Competitive Matters
  • Risks Related to the Accounting Matters
Content analysis
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Readability
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