StockNews.com Begins Coverage on Carver Bancorp (NASDAQ:CARV)

Investment analysts at StockNews.com began coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report issued on Saturday. The firm set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

Shares of NASDAQ CARV opened at $1.84 on Friday. The firm has a market capitalization of $9.40 million, a P/E ratio of -2.22 and a beta of 1.13. The firm’s 50-day moving average price is $1.78 and its 200-day moving average price is $1.78. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.11. Carver Bancorp has a 1-year low of $1.26 and a 1-year high of $2.39.

Insider Buying and Selling

In other Carver Bancorp news, CEO Donald Felix purchased 26,946 shares of Carver Bancorp stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average price of $1.67 per share, with a total value of $44,999.82. Following the transaction, the chief executive officer now owns 26,946 shares in the company, valued at $44,999.82. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.32% of the stock is owned by company insiders.

Carver Bancorp Company Profile

Carver Bancorp, Inc operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, non-profit organizations, 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.