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 research note issued to investors on Friday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Stock Performance

NASDAQ:CARV opened at $1.90 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $9.68 million, a price-to-earnings ratio of -2.28 and a beta of 1.12. Carver Bancorp has a 1 year low of $1.26 and a 1 year high of $2.39. The stock’s 50 day simple moving average is $1.75 and its two-hundred day simple moving average is $1.78.

Insider Transactions 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 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 owns 26,946 shares of the company’s stock, valued at approximately $44,999.82. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.32% of the company’s stock.

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.