Riverview Bancorp Inc (NASDAQ:RVSB – Get Free Report) Director Jon Girod bought 2,000 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were purchased at an average cost of $6.04 per share, with a total value of $12,080.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $30,200. This trade represents a 66.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Riverview Bancorp Stock Performance
Shares of RVSB opened at $6.13 on Thursday. 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’s fifty day simple moving average is $5.78 and its two-hundred day simple moving average is $5.49. Riverview Bancorp Inc has a 12 month low of $4.88 and a 12 month high of $6.22. The stock has a market capitalization of $122.31 million, a P/E ratio of -43.79 and a beta of 0.47.
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The savings and loans company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $15.45 million during the quarter, compared to analyst estimates of $15.10 million. Riverview Bancorp had a negative net margin of 4.46% and a positive return on equity of 3.76%. As a group, analysts predict that Riverview Bancorp Inc will post 0.35 EPS for the current year.
Riverview Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Friday, October 9th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, October 9th. This represents a $0.08 annualized dividend and a dividend yield of 1.3%. Riverview Bancorp’s payout ratio is currently -57.14%.
Institutional Trading of Riverview Bancorp
Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in shares of Riverview Bancorp during the 2nd quarter worth $59,000. Engineers Gate Manager LP bought a new stake in shares of Riverview Bancorp in the second quarter valued at approximately $61,000. Bank of America Corp DE raised its position in shares of Riverview Bancorp by 11.0% in the first quarter. Bank of America Corp DE now owns 131,533 shares of the savings and loans company’s stock valued at $723,000 after purchasing an additional 13,070 shares during the period. Dimensional Fund Advisors LP raised its position 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 valued at $7,349,000 after purchasing an additional 15,745 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in Riverview Bancorp by 124.9% in the 1st quarter. Hsbc Holdings PLC now owns 36,101 shares of the savings and loans company’s stock worth $201,000 after buying an additional 20,052 shares during the period. Institutional investors own 69.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on RVSB shares. Weiss Ratings raised Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note 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. Finally, Raymond James Financial upgraded shares of Riverview Bancorp to a “moderate buy” rating in a report on Monday, October 12th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.
Read Our Latest Analysis on Riverview Bancorp
Riverview Bancorp Company Profile
Riverview Bancorp, Inc is the holding company for Riverview Community Bank, a community-focused financial institution headquartered in Vancouver, Washington. The bank provides deposit products, residential and commercial real estate loans, commercial and industrial lending, construction financing, consumer loans, and other banking services for individuals, families, businesses, and nonprofit organizations.
Riverview Community Bank serves customers in southwestern Washington and the Portland metropolitan area of Oregon through its branch network and digital banking services.
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