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

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

Carver Bancorp Stock Down 1.7 %

CARV opened at $1.80 on Monday. The business has a 50 day moving average price of $1.80 and a two-hundred day moving average price of $1.82. 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 company has a market cap of $9.19 million, a PE ratio of -2.17 and a beta of 1.13. Carver Bancorp has a 52 week low of $1.26 and a 52 week high of $2.39.

Insiders Place Their Bets

In other Carver Bancorp news, CEO Donald Felix bought 26,946 shares of the company’s stock in a transaction on Monday, November 25th. The shares were bought at an average price of $1.67 per share, for a total transaction of $44,999.82. Following the transaction, the chief executive officer now owns 26,946 shares of the company’s stock, valued at approximately $44,999.82. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.