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

Investment analysts at StockNews.com initiated coverage on shares of Carver Bancorp (NASDAQ:CARV) in a report issued on Wednesday. The firm set a “sell” rating on the savings and loans company’s stock.

Carver Bancorp Price Performance

Shares of NASDAQ:CARV opened at $1.74 on Wednesday. The company’s fifty day moving average price is $1.82 and its 200 day moving average price is $1.83. Carver Bancorp has a 12 month low of $1.26 and a 12 month high of $2.39. 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 firm has a market capitalization of $8.89 million, a P/E ratio of -2.10 and a beta of 1.13.

Insiders Place Their Bets

In other Carver Bancorp news, CEO Donald Felix acquired 26,946 shares of the stock in a transaction on Monday, November 25th. The shares were bought at an average cost of $1.67 per share, with a total value 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 document filed with the SEC, which is accessible through the SEC website. 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.