Carver Bancorp (NASDAQ:CARV) Coverage Initiated by Analysts at StockNews.com

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

Carver Bancorp Stock Performance

Shares of Carver Bancorp stock opened at $1.86 on Thursday. Carver Bancorp has a 52 week low of $1.26 and a 52 week high of $2.39. 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 has a 50 day moving average price of $1.74 and a 200-day moving average price of $1.78. The company has a market cap of $9.50 million, a PE ratio of -2.24 and a beta of 1.12.

Insiders Place Their Bets

In other news, CEO Donald Felix purchased 26,946 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average cost of $1.67 per share, with a total value of $44,999.82. Following the completion of the transaction, the chief executive officer now directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.