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

Stock analysts at StockNews.com began coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Trading Down 1.1 %

Shares of CARV stock opened at $1.80 on Thursday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a fifty day moving average of $1.73 and a 200-day moving average of $1.78. Carver Bancorp has a 52-week low of $1.26 and a 52-week high of $2.39. The stock has a market cap of $9.20 million, a price-to-earnings ratio of -2.17 and a beta of 1.12.

Insiders Place Their Bets

In other news, CEO Donald Felix bought 26,946 shares of Carver Bancorp stock in a transaction dated Monday, November 25th. The shares were bought 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 of the company’s stock, valued at approximately $44,999.82. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.32% of the company’s stock.

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.