Insider Buying: Riverview Bancorp (NASDAQ:RVSB) Director Acquires $10,480.00 in Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Jon Louis Girod bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $5.24 per share, with a total value of $10,480.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at $10,480. This represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jon Louis Girod also recently made the following trade(s):

• On Monday, August 3rd, Jon Louis Girod bought 1,000 shares of Riverview Bancorp stock. The stock was purchased at an average cost of $5.41 per share, for a total transaction of $5,410.00.

Riverview Bancorp Trading Down 1.3%

NASDAQ RVSB opened at $5.40 on Thursday. The stock’s 50-day simple moving average is $5.49 and its two-hundred day simple moving average is $5.42. Riverview Bancorp Inc has a twelve month low of $4.74 and a twelve month high of $6.22. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $108.86 million, a price-to-earnings ratio of -28.42 and a beta of 0.49.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Tuesday, July 28th. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. Riverview Bancorp had a positive return on equity of 3.06% and a negative net margin of 5.87%.The firm had revenue of $15.01 million during the quarter, compared to analyst estimates of $14.80 million. Research analysts forecast that Riverview Bancorp Inc will post 0.28 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Thursday, July 9th were given a $0.02 dividend. The ex-dividend date was Thursday, July 9th. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. Riverview Bancorp’s payout ratio is presently -42.11%.

Analysts Set New Price Targets

Several analysts have issued reports on RVSB shares. Wall Street Zen lowered Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RVSB. Barclays PLC grew its holdings in Riverview Bancorp by 4.0% in the 4th quarter. Barclays PLC now owns 86,231 shares of the savings and loans company’s stock worth $433,000 after acquiring an additional 3,325 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Riverview Bancorp by 122.9% during the third quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock valued at $34,000 after acquiring an additional 3,524 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Riverview Bancorp by 3.8% during the second quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company’s stock valued at $636,000 after acquiring an additional 4,206 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Riverview Bancorp by 4.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 122,631 shares of the savings and loans company’s stock worth $616,000 after purchasing an additional 5,359 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Riverview Bancorp by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 471,324 shares of the savings and loans company’s stock worth $2,366,000 after purchasing an additional 5,793 shares during the period. 69.60% of the stock is owned by institutional investors.

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.