Riverview Bancorp Inc (NASDAQ:RVSB) Director Gerald Lee Nies sold 30,778 shares of Riverview Bancorp stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $8.58, for a total value of $264,075.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Riverview Bancorp Inc (NASDAQ:RVSB) traded down $0.17 on Wednesday, hitting $8.46. The stock had a trading volume of 110,000 shares, compared to its average volume of 92,118. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.25. The firm has a market cap of $190.64, a PE ratio of 19.61 and a beta of 0.51. Riverview Bancorp Inc has a 1-year low of $5.55 and a 1-year high of $9.05.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $13.44 million during the quarter, compared to analysts’ expectations of $13.10 million. Riverview Bancorp had a return on equity of 8.63% and a net margin of 18.90%. sell-side analysts expect that Riverview Bancorp Inc will post 0.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Friday, October 13th were issued a $0.0225 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.09 annualized dividend and a dividend yield of 1.06%. Riverview Bancorp’s dividend payout ratio is currently 20.93%.
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Several brokerages have weighed in on RVSB. ValuEngine downgraded Riverview Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Thursday, August 31st.
Several institutional investors and hedge funds have recently bought and sold shares of RVSB. Vanguard Group Inc. lifted its holdings in shares of Riverview Bancorp by 158.7% in the 2nd quarter. Vanguard Group Inc. now owns 649,982 shares of the savings and loans company’s stock valued at $4,316,000 after buying an additional 398,692 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in shares of Riverview Bancorp by 25.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,354,537 shares of the savings and loans company’s stock valued at $8,994,000 after buying an additional 271,916 shares during the period. Thomson Horstmann & Bryant Inc. lifted its holdings in shares of Riverview Bancorp by 92.4% in the 2nd quarter. Thomson Horstmann & Bryant Inc. now owns 501,747 shares of the savings and loans company’s stock valued at $3,331,000 after buying an additional 240,968 shares during the period. Banc Funds Co. LLC lifted its holdings in shares of Riverview Bancorp by 44.5% in the 2nd quarter. Banc Funds Co. LLC now owns 746,574 shares of the savings and loans company’s stock valued at $4,957,000 after buying an additional 230,000 shares during the period. Finally, State Street Corp lifted its holdings in shares of Riverview Bancorp by 1,923.2% in the 2nd quarter. State Street Corp now owns 231,349 shares of the savings and loans company’s stock valued at $1,535,000 after buying an additional 219,914 shares during the period. 56.10% of the stock is owned by institutional investors and hedge funds.
About Riverview Bancorp
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
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