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

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

Carver Bancorp Stock Performance

NASDAQ:CARV opened at $1.74 on Thursday. Carver Bancorp has a twelve month low of $1.26 and a twelve month 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 stock’s 50-day simple moving average is $1.81 and its 200 day simple moving average is $1.83. The firm has a market capitalization of $8.89 million, a PE ratio of -2.10 and a beta of 1.13.

Insider Activity

In other news, CEO Donald Felix purchased 26,946 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was bought at an average cost 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. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.32% of the stock is currently owned by corporate insiders.

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.