Riverview Bancorp Inc (NASDAQ:RVSB – Get Free Report) Director Kourosh Nasser Zamanizadeh bought 3,600 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were acquired at an average price of $5.38 per share, for a total transaction of $19,368.00. Following the transaction, the director directly owned 15,477 shares in the company, valued at approximately $83,266.26. This represents a 30.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Riverview Bancorp Price Performance
NASDAQ:RVSB traded up $0.09 during trading hours on Tuesday, reaching $5.67. 32,100 shares of the company were exchanged, compared to its average volume of 67,493. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The firm has a market cap of $113.12 million, a PE ratio of -29.84 and a beta of 0.48. Riverview Bancorp Inc has a twelve month low of $4.81 and a twelve month high of $6.22. The stock’s 50-day moving average is $5.28 and its 200-day moving average is $5.41.
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $15.01 million during the quarter, compared to the consensus estimate of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%. On average, sell-side analysts anticipate that Riverview Bancorp Inc will post 0.28 earnings per share for the current fiscal year.
Riverview Bancorp Announces Dividend
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Nierenberg Investment Management Company LLC acquired a new position in shares of Riverview Bancorp during the 2nd quarter valued at $11,037,968. Dimensional Fund Advisors LP lifted its holdings in shares of Riverview Bancorp by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock valued at $7,349,000 after purchasing an additional 15,745 shares during the last quarter. BlackRock Inc. purchased a new position in Riverview Bancorp in the 2nd quarter worth about $7,042,000. The Manufacturers Life Insurance Company acquired a new stake in Riverview Bancorp during the 2nd quarter worth about $5,767,000. Finally, Renaissance Technologies LLC raised its holdings in Riverview Bancorp by 21.1% during the 1st quarter. Renaissance Technologies LLC now owns 319,207 shares of the savings and loans company’s stock worth $1,756,000 after buying an additional 55,700 shares during the period. Institutional investors own 69.60% of the company’s stock.
Analyst Ratings Changes
RVSB has been the subject of a number of research reports. Wall Street Zen raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings raised shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Riverview Bancorp currently has a consensus rating of “Reduce”.
Check Out Our Latest Report on Riverview Bancorp
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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