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

StockNews.com assumed coverage on shares of Carver Bancorp (NASDAQ:CARV) in a research note released on Saturday. The firm issued a sell rating on the savings and loans company’s stock.

Carver Bancorp Stock Performance

Shares of CARV opened at $1.88 on Friday. The company has a market capitalization of $9.60 million, a PE ratio of -2.26 and a beta of 1.13. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50 day moving average price is $1.78 and its 200 day moving average price is $1.78. Carver Bancorp has a 52 week low of $1.26 and a 52 week high of $2.39.

Insider Transactions at Carver Bancorp

In other Carver Bancorp news, CEO Donald Felix acquired 26,946 shares of the business’s 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 transaction, the chief executive officer now 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 filing with the SEC, which can be accessed through this hyperlink. 1.32% of the stock is currently owned by company insiders.

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.