Insider Buying: Riverview Bancorp (NASDAQ:RVSB) CEO Acquires 1,765 Shares

Riverview Bancorp Inc (NASDAQ:RVSBGet Free Report) CEO Nicole Sherman purchased 1,765 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was bought at an average cost of $5.69 per share, for a total transaction of $10,042.85. Following the acquisition, the chief executive officer directly owned 166,482 shares in the company, valued at $947,282.58. This trade represents a 1.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Riverview Bancorp Stock Performance

NASDAQ RVSB traded up $0.16 on Thursday, hitting $5.78. 66,094 shares of the stock traded hands, compared to its average volume of 68,158. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. The business’s fifty day moving average is $5.29 and its two-hundred day moving average is $5.41. Riverview Bancorp Inc has a 12 month low of $4.88 and a 12 month high of $6.22. The firm has a market capitalization of $115.33 million, a price-to-earnings ratio of -30.42 and a beta of 0.48.

Riverview Bancorp (NASDAQ:RVSBGet Free Report) last issued its earnings results on Wednesday, July 29th. 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. Riverview Bancorp had a positive return on equity of 3.12% and a negative net margin of 5.87%.The firm had revenue of $15.01 million for the quarter, compared to analyst estimates of $14.80 million. As a group, equities analysts anticipate that Riverview Bancorp Inc will post 0.28 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The company 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. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, July 9th. Riverview Bancorp’s payout ratio is currently -42.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RVSB. Weiss Ratings upgraded shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 25th. Wall Street Zen upgraded shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Riverview Bancorp has a consensus rating of “Reduce”.

Read Our Latest Stock Report on Riverview Bancorp

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RVSB. Nierenberg Investment Management Company LLC purchased a new position in Riverview Bancorp during the 2nd quarter valued at about $11,037,968. Dimensional Fund Advisors LP lifted its holdings in shares of Riverview Bancorp by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock worth $7,349,000 after buying an additional 15,745 shares in the last quarter. BlackRock Inc. bought a new position in shares of Riverview Bancorp in the second quarter valued at approximately $7,042,000. The Manufacturers Life Insurance Company bought a new position in shares of Riverview Bancorp in the second quarter valued at approximately $5,767,000. Finally, Renaissance Technologies LLC grew its stake in Riverview Bancorp by 21.1% during the first quarter. Renaissance Technologies LLC now owns 319,207 shares of the savings and loans company’s stock valued at $1,756,000 after acquiring an additional 55,700 shares in the last quarter. Institutional investors own 69.60% of the company’s stock.

About Riverview Bancorp

(Get Free Report)

Riverview Bancorp, Inc is a bank holding company headquartered in Vancouver, Washington. Its principal subsidiary, Riverview Community Bank, provides banking services to individuals, families, businesses and public-sector organizations in Southwest Washington and Oregon.

Riverview Community Bank offers deposit products, commercial and residential real estate loans, construction and land development financing, commercial business loans, consumer lending and residential mortgage services.

Further Reading

Insider Buying and Selling by Quarter for Riverview Bancorp (NASDAQ:RVSB)

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