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

StockNews.com began coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research note published 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 $1.84 on Thursday. The stock has a market capitalization of $9.40 million, a price-to-earnings ratio of -2.22 and a beta of 1.12. 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 business has a 50-day moving average of $1.74 and a 200 day moving average of $1.78. Carver Bancorp has a 12 month low of $1.26 and a 12 month high of $2.39.

Insider Activity at Carver Bancorp

In related news, CEO Donald Felix acquired 26,946 shares of Carver Bancorp stock in a transaction dated Monday, November 25th. The shares were acquired at an average cost of $1.67 per share, for a total transaction of $44,999.82. Following the completion of the purchase, the chief executive officer now owns 26,946 shares in the company, valued at approximately $44,999.82. The trade was a ∞ increase in their ownership of the stock. The transaction 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.

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.