Felix Donald, President and CEO of Carver Bancorp Inc. (NASDAQ:CARV), recently acquired 26,946 shares of the company's common stock. The transaction, dated November 25, 2024, was executed at a price of $1.67 per share, totaling approximately $44,999. The stock, currently trading at $1.84, appears undervalued according to InvestingPro analysis. This purchase increases Donald's direct ownership to 26,946 shares. Carver Bancorp, a federally chartered savings institution headquartered in New York, has shown revenue growth of 9.41% over the last twelve months, though InvestingPro data reveals challenging financial metrics. Discover more insights and 6 additional ProTips with an InvestingPro subscription.
In other recent news, Carver Bancorp has announced the appointment of Donald Felix as its new President and CEO, effective from November 1, 2024. Felix, who brings over 25 years of banking experience, will join the Carver Board of Directors and is set to succeed Craig C. MacKay, the current Interim President and CEO. This recent development follows a comprehensive national search for a leader to continue the bank's mission of serving diverse urban communities.
In addition to leadership changes, Carver Bancorp has secured a $25 million revolving senior unsecured term loan from NY Green Bank. This loan, part of the Community Decarbonization Fund, will support environmentally focused projects within marginalized communities in New York, enhancing energy efficiency and reducing greenhouse gas emissions.
Furthermore, Carver Bancorp has disclosed the release of a shareholder letter in conjunction with the company's filing of a current report on Form 8-K with the United States Securities and Exchange Commission. These are the recent developments for Carver Bancorp, with analysts from various firms closely watching the bank's strategic initiatives and governance matters.
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