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Carver Bancorp (CARV)

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

Ticker
CARV
Exchange
CEO
Michael T. Pugh
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
CSFB Credit Corp. • CSFB Realty Corp. • Carver Asset Corp. • Carver Community Development Corporation • Sub CDE 1, LLC • Sub CDE 22, LLC • Sub CDE 23, LLC • Sub CDE 24, LLC • Sub CDE 25, LLC • Alhambra Holdings Corp. ...
IRS number
133904174

CARV stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

15 Aug 22
16 Aug 22
31 Mar 23
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 22 Mar 21 Mar 20 Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 43.38M 43.38M 43.38M 43.38M 43.38M 43.38M
Cash burn (monthly) 5.88M 2.95M 285.67K (no burn) 4.92M 278K
Cash used (since last report) 9.24M 4.63M 448.77K n/a 7.73M 436.72K
Cash remaining 34.15M 38.75M 42.93M n/a 35.65M 42.94M
Runway (months of cash) 5.8 13.2 150.3 n/a 7.2 154.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
26 Apr 22 Christina L Maier Common Stock Grant Acquire A No No 0 3,000 0 7,000
26 Apr 22 Isaac Torres Common Stock Grant Acquire A No No 0 3,000 0 11,358
26 Apr 22 Michael T. Pugh Common Stock Grant Acquire A No No 0 10,000 0 36,964
26 Apr 22 Pazel G Jackson JR Common Stock Grant Acquire A No No 0 5,000 0 6,326
26 Aug 21 Sophia Haliotis Common Stock Sell Dispose S No No 17.5 2,428 42.49K 8,358
19.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 18 21 -14.3%
Opened positions 3 6 -50.0%
Closed positions 6 2 +200.0%
Increased positions 3 5 -40.0%
Reduced positions 3 4 -25.0%
13F shares Current Prev Q Change
Total value 16.42M 20.64M -20.4%
Total shares 840.32K 931.95K -9.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
WFC Wells Fargo & Co. 157.81K $1.11M 0.0%
BAC Bank Of America 147.23K $1.03M 0.0%
National Community Investment Fund 123.2K $800K 0.0%
Renaissance Technologies 80.8K $566K NEW
Geode Capital Management 64.4K $450K +15.3%
Vanguard 49.4K $346K -53.8%
Dimensional Fund Advisors 43.07K $302K 0.0%
Two Sigma Advisers 38.5K $270K +256.5%
MS Morgan Stanley 35.23K $247K +19.6%
Maltese Capital Management 35K $246K 0.0%
Largest transactions Shares Bought/sold Change
Philadelphia Financial Management of San Francisco 0 -90.7K EXIT
Renaissance Technologies 80.8K +80.8K NEW
Vanguard 49.4K -57.53K -53.8%
Bridgeway Capital Management 27.39K -46.22K -62.8%
Two Sigma Advisers 38.5K +27.7K +256.5%
VIRT Virtu Financial 0 -17.7K EXIT
Geode Capital Management 64.4K +8.54K +15.3%
MS Morgan Stanley 35.23K +5.78K +19.6%
Two Sigma Investments 23.25K -3.25K -12.3%
FNY Investment Advisers 1.25K +1.25K NEW

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.
  • 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
  • We may be limited in our ability to access sufficient funding through a public or private equity offering or convertible debt offering.
  • A future issuance of stock could dilute the value of our common stock.
  • Risks Related to the Competitive Matters

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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