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

StockNews.com assumed 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 Price Performance

Shares of Carver Bancorp stock opened at $1.87 on Friday. The business has a 50-day moving average price of $1.76 and a 200 day moving average price of $1.78. The firm has a market cap of $9.56 million, a PE ratio of -2.25 and a beta of 1.12. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.11. Carver Bancorp has a twelve month low of $1.26 and a twelve month high of $2.39.

Insider Buying and Selling

In other news, CEO Donald Felix bought 26,946 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were purchased 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 of the company’s stock, valued at approximately $44,999.82. This represents 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 hyperlink. 1.32% of the stock is currently owned by 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.