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

StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report released on Tuesday morning. The firm issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

CARV stock opened at $1.85 on Tuesday. The stock has a market cap of $9.47 million, a PE ratio of -2.23 and a beta of 1.13. Carver Bancorp has a 12 month low of $1.26 and a 12 month high of $2.39. The company has a 50-day moving average price of $1.82 and a 200 day moving average price of $1.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.11.

Insider Buying and Selling at Carver Bancorp

In related news, CEO Donald Felix acquired 26,946 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average price of $1.67 per share, for a total transaction of $44,999.82. Following the acquisition, the chief executive officer now directly owns 26,946 shares of the company’s stock, valued at $44,999.82. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.32% of the stock is currently owned by corporate 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.