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

Equities research analysts at StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Stock Down 1.0 %

Shares of NASDAQ:CARV opened at $1.83 on Tuesday. The company has a 50 day moving average price of $1.82 and a two-hundred day moving average price of $1.83. 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 has a market capitalization of $9.35 million, a PE ratio of -2.20 and a beta of 1.13. Carver Bancorp has a 52 week low of $1.26 and a 52 week high of $2.39.

Insider Buying and Selling

In other news, CEO Donald Felix acquired 26,946 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average cost of $1.67 per share, for a total transaction of $44,999.82. Following the completion of the acquisition, the chief executive officer now owns 26,946 shares in the company, valued at $44,999.82. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.32% of the stock is owned by company 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.