Carver Bancorp (NASDAQ:CARV) Earns Sell Rating from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a note issued to investors on Saturday. The firm set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

CARV opened at $1.84 on Friday. The stock’s 50-day moving average price is $1.78 and its 200 day moving average price is $1.78. Carver Bancorp has a 12-month low of $1.26 and a 12-month high of $2.39. The firm has a market cap of $9.40 million, a price-to-earnings ratio of -2.22 and a beta of 1.13. 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 Activity at Carver Bancorp

In other news, CEO Donald Felix bought 26,946 shares of Carver Bancorp stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average price of $1.67 per share, with a total value of $44,999.82. Following the completion of the acquisition, the chief executive officer now directly owns 26,946 shares in the company, valued at $44,999.82. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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.