Riverview Bancorp Inc (NASDAQ:RVSB – Get Free Report) major shareholder Nierenberg Investment Manageme sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $5.25, for a total value of $26,250.00. Following the completion of the transaction, the insider owned 89,388 shares in the company, valued at approximately $469,287. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Riverview Bancorp Stock Up 0.0%
Shares of RVSB traded up $0.00 during midday trading on Tuesday, hitting $5.32. The company had a trading volume of 9,184 shares, compared to its average volume of 70,713. The stock has a market cap of $107.27 million, a price-to-earnings ratio of -25.36 and a beta of 0.48. The company’s 50 day moving average price is $5.52 and its 200 day moving average price is $5.41. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.31. Riverview Bancorp Inc has a 52 week low of $4.74 and a 52 week high of $6.22.
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The savings and loans company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $13.50 million during the quarter, compared to analyst estimates of $14.10 million. Riverview Bancorp had a positive return on equity of 2.74% and a negative net margin of 6.70%. On average, equities research analysts predict that Riverview Bancorp Inc will post 0.32 EPS for the current year.
Riverview Bancorp Announces Dividend
Analyst Upgrades and Downgrades
RVSB has been the subject of several research analyst reports. Wall Street Zen raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings cut shares of Riverview Bancorp from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Riverview Bancorp has a consensus rating of “Reduce”.
Read Our Latest Stock Analysis on RVSB
Institutional Trading of Riverview Bancorp
Several hedge funds and other institutional investors have recently modified their holdings of the business. Daytona Street Capital LLC purchased a new position in Riverview Bancorp during the 4th quarter valued at about $30,000. Raymond James Financial Inc. acquired a new stake in shares of Riverview Bancorp during the second quarter worth approximately $34,000. BNP Paribas Financial Markets boosted its holdings in shares of Riverview Bancorp by 122.9% during the third quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 3,524 shares during the period. JPMorgan Chase & Co. purchased a new position in Riverview Bancorp during the second quarter valued at approximately $53,000. Finally, Intech Investment Management LLC acquired a new position in Riverview Bancorp in the 3rd quarter valued at approximately $55,000. Institutional investors and hedge funds own 69.60% of the company’s stock.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.
The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.
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