Riverview Bancorp (NASDAQ:RVSB – Get Free Report) announced its earnings results on Tuesday. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01, Zacks reports. Riverview Bancorp had a positive return on equity of 2.74% and a negative net margin of 6.70%.
Riverview Bancorp Stock Up 0.9%
Riverview Bancorp stock traded up $0.05 during mid-day trading on Tuesday, reaching $5.37. 61,337 shares of the company were exchanged, compared to its average volume of 71,088. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $108.26 million, a P/E ratio of -25.57 and a beta of 0.48. The business has a fifty day moving average of $5.52 and a 200 day moving average of $5.41. Riverview Bancorp has a 12-month low of $4.74 and a 12-month high of $6.22.
Riverview Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Thursday, July 9th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. Riverview Bancorp’s payout ratio is -38.10%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on RVSB
Insider Activity
In other news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the business’s stock in a transaction on 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 directly owned 89,388 shares of the company’s stock, valued at approximately $469,287. The trade was a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders acquired 4,896 shares of company stock valued at $26,082. Company insiders own 3.90% of the company’s stock.
Hedge Funds Weigh In On Riverview Bancorp
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its holdings in Riverview Bancorp by 1.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 581,943 shares of the savings and loans company’s stock worth $3,125,000 after purchasing an additional 7,220 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Riverview Bancorp by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 471,324 shares of the savings and loans company’s stock worth $2,366,000 after buying an additional 5,793 shares during the last quarter. Bridgeway Capital Management LLC grew its position in shares of Riverview Bancorp by 2.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 275,199 shares of the savings and loans company’s stock worth $1,381,000 after buying an additional 7,575 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Riverview Bancorp during the 2nd quarter worth approximately $913,000. Finally, Empowered Funds LLC lifted its position in Riverview Bancorp by 6.3% during the fourth quarter. Empowered Funds LLC now owns 128,293 shares of the savings and loans company’s stock valued at $644,000 after acquiring an additional 7,575 shares during the last quarter. Hedge funds and other institutional investors 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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