Riverview Bancorp Inc (NASDAQ:RVSB – Get Free Report) Director Gerald Lee Nies sold 18,001 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $6.15, for a total value of $110,706.15. Following the transaction, the director directly owned 147,522 shares of the company’s stock, valued at $907,260.30. The trade was a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Gerald Lee Nies also recently made the following trade(s):
- On Tuesday, November 3rd, Gerald Lee Nies sold 25,169 shares of Riverview Bancorp stock. The stock was sold at an average price of $6.13, for a total value of $154,285.97.
Riverview Bancorp Price Performance
RVSB stock opened at $6.12 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $122.11 million, a P/E ratio of -43.71 and a beta of 0.47. The business’s 50-day moving average is $5.82 and its two-hundred day moving average is $5.50. Riverview Bancorp Inc has a 1 year low of $4.88 and a 1 year high of $6.22.
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The savings and loans company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Riverview Bancorp had a positive return on equity of 3.76% and a negative net margin of 4.46%. The business had revenue of $15.45 million during the quarter, compared to the consensus estimate of $15.10 million. Analysts anticipate that Riverview Bancorp Inc will post 0.35 earnings per share for the current fiscal year.
Riverview Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Friday, October 9th were paid a $0.02 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.08 dividend on an annualized basis and a yield of 1.3%. Riverview Bancorp’s payout ratio is currently -57.14%.
Wall Street Analyst Weigh In
Several research firms have commented on RVSB. Raymond James Financial upgraded shares of Riverview Bancorp to a “moderate buy” rating in a report on Monday, October 12th. Weiss Ratings upgraded shares of Riverview Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Wall Street Zen raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.
Get Our Latest Stock Analysis on RVSB
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new stake in shares of Riverview Bancorp during the 2nd quarter worth about $59,000. Engineers Gate Manager LP acquired a new position in Riverview Bancorp in the second quarter valued at approximately $61,000. Squarepoint Ops LLC acquired a new position in Riverview Bancorp in the second quarter valued at approximately $195,000. Hsbc Holdings PLC boosted its holdings in Riverview Bancorp by 124.9% in the first quarter. Hsbc Holdings PLC now owns 36,101 shares of the savings and loans company’s stock valued at $201,000 after purchasing an additional 20,052 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new position in Riverview Bancorp in the second quarter valued at approximately $529,000. Hedge funds and other institutional investors own 69.60% of the company’s stock.
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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