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

StockNews.com started coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report released on Tuesday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

Shares of NASDAQ CARV opened at $1.83 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.11. The business’s 50 day moving average price is $1.82 and its two-hundred day moving average price is $1.83. The company has a market cap of $9.35 million, a PE ratio of -2.20 and a beta of 1.13. Carver Bancorp has a twelve month low of $1.26 and a twelve month high of $2.39.

Insider Activity at Carver Bancorp

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

About Carver Bancorp

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.