Carver Bancorp (CARV)
Market Price (12/4/2025): $1.59 | Market Cap: $8.4 MilSector: Financials | Industry: Regional Banks
Carver Bancorp (CARV)
Market Price (12/4/2025): $1.59Market Cap: $8.4 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -404% | Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -133% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -21%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.3% |
| Megatrend and thematic driversMegatrends include Financial Inclusion & Community Development. Themes include Community Banking, Equitable Access to Financial Services, and Small Business & Entrepreneurial Lending. | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -45%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -47% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -143% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -404% |
| Megatrend and thematic driversMegatrends include Financial Inclusion & Community Development. Themes include Community Banking, Equitable Access to Financial Services, and Small Business & Entrepreneurial Lending. |
| Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -133% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -21%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.3% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -45%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -47% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -143% |
Valuation, Metrics & Events
CARV Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are the key points for the movement of Carver Bancorp (CARV) stock by -5.6% for the approximate time period from August 31, 2025, to December 4, 2025:
1. Voluntary Delisting from Nasdaq and Transition to OTCQX: In November 2025, Carver Bancorp announced its intention to voluntarily delist its common stock from Nasdaq and deregister with the SEC, transitioning to the OTCQX Market in December 2025. This move, while aimed at reducing operating expenses and providing strategic flexibility, often leads to decreased liquidity, reduced transparency, and diminished investor confidence, typically resulting in downward pressure on the stock price.
2. Shareholder Opposition to Delisting: The decision to delist from Nasdaq sparked significant opposition from a major shareholder group, "Dream Chasers," which argued that the move undermined shareholder rights by bypassing a crucial vote. This dissent added to market uncertainty and reflected a lack of consensus on the company's strategic direction, further impacting investor sentiment negatively.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CARV Return | 167% | 32% | -52% | -52% | -7% | -10% | -32% |
| Peers Return | -2% | 12% | -18% | 18% | 1% | 19% | 28% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| CARV Win Rate | 58% | 42% | 50% | 50% | 42% | 50% | |
| Peers Win Rate | 22% | 25% | 28% | 35% | 27% | 51% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| CARV Max Drawdown | -44% | 0% | -57% | -71% | -35% | -29% | |
| Peers Max Drawdown | -19% | -2% | -23% | -16% | -10% | -7% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: NEWT, ATLO, AVBC, LSBK, NU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | CARV | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -95.4% | -25.4% |
| % Gain to Breakeven | 2090.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -57.0% | -33.9% |
| % Gain to Breakeven | 132.3% | 51.3% |
| Time to Breakeven | 308 days | 148 days |
| 2018 Correction | ||
| % Loss | -78.1% | -19.8% |
| % Gain to Breakeven | 356.4% | 24.7% |
| Time to Breakeven | 171 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -90.3% | -56.8% |
| % Gain to Breakeven | 933.9% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1480 days |
Compare to NEWT, ATLO, AVBC, LSBK, NU
In The Past
Carver Bancorp's stock fell -95.4% during the 2022 Inflation Shock from a high on 7/9/2021. A -95.4% loss requires a 2090.4% gain to breakeven.
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Asset Allocation
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Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to CARV. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.4% | 3.4% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 9.5% | 9.5% | 0.0% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.1% | 0.1% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.1% | -0.1% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -7.7% | -7.7% | -11.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.4% | 3.4% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 9.5% | 9.5% | 0.0% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.1% | 0.1% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.1% | -0.1% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -7.7% | -7.7% | -11.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Carver Bancorp
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.78 |
| Mkt Cap | 0.2 |
| Rev LTM | 75 |
| Op Inc LTM | - |
| FCF LTM | -2 |
| FCF 3Y Avg | 5 |
| CFO LTM | 0 |
| CFO 3Y Avg | 5 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.1% |
| Rev Chg 3Y Avg | 0.0% |
| Rev Chg Q | 19.4% |
| QoQ Delta Rev Chg LTM | 4.6% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 6.6% |
| CFO/Rev 3Y Avg | 19.2% |
| FCF/Rev LTM | 3.5% |
| FCF/Rev 3Y Avg | 17.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.2 |
| P/S | 1.9 |
| P/EBIT | - |
| P/E | 8.3 |
| P/CFO | 3.6 |
| Total Yield | 8.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -35.9% |
| D/E | 1.4 |
| Net D/E | -2.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.1% |
| 3M Rtn | 11.1% |
| 6M Rtn | 24.9% |
| 12M Rtn | 11.1% |
| 3Y Rtn | -8.0% |
| 1M Excs Rtn | 7.1% |
| 3M Excs Rtn | 3.1% |
| 6M Excs Rtn | 10.2% |
| 12M Excs Rtn | -1.6% |
| 3Y Excs Rtn | -77.3% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8132025 | 10-Q 6/30/2025 |
| 3312025 | 6242025 | 10-K 3/31/2025 |
| 12312024 | 2132025 | 10-Q 12/31/2024 |
| 9302024 | 11142024 | 10-Q 9/30/2024 |
| 6302024 | 8142024 | 10-Q 6/30/2024 |
| 3312024 | 7162024 | 10-K 3/31/2024 |
| 12312023 | 2142024 | 10-Q 12/31/2023 |
| 9302023 | 11142023 | 10-Q 9/30/2023 |
| 6302023 | 8142023 | 10-Q 6/30/2023 |
| 3312023 | 6292023 | 10-K 3/31/2023 |
| 12312022 | 2142023 | 10-Q 12/31/2022 |
| 9302022 | 11142022 | 10-Q 9/30/2022 |
| 6302022 | 8152022 | 10-Q 6/30/2022 |
| 3312022 | 7142022 | 10-K 3/31/2022 |
| 12312021 | 2142022 | 10-Q 12/31/2021 |
| 9302021 | 11152021 | 10-Q 9/30/2021 |
External Quote Links
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