Insider Buying: Riverview Bancorp, Inc. (NASDAQ:RVSB) Director Purchases 4,000 Shares of Stock

Riverview Bancorp, Inc. (NASDAQ:RVSB) Director Bessie Ross Wills acquired 4,000 shares of Riverview Bancorp stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost of $3.94 per share, with a total value of $15,760.00. Following the completion of the transaction, the director now directly owns 45,000 shares of the company’s stock, valued at $177,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Riverview Bancorp Trading Up 6.9 %

Riverview Bancorp stock opened at $4.20 on Friday. The company has a market cap of $88.66 million, a price-to-earnings ratio of 23.33 and a beta of 0.75. The firm has a 50-day moving average of $4.54 and a 200-day moving average of $5.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.84 and a quick ratio of 0.84. Riverview Bancorp, Inc. has a one year low of $3.37 and a one year high of $6.57.

Riverview Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Thursday, April 11th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $0.24 dividend on an annualized basis and a yield of 5.71%. Riverview Bancorp’s dividend payout ratio is 133.34%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Riverview Bancorp stock. Mendon Capital Advisors Corp bought a new stake in Riverview Bancorp, Inc. (NASDAQ:RVSB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,743 shares of the savings and loans company’s stock, valued at approximately $216,000. Mendon Capital Advisors Corp owned approximately 0.16% of Riverview Bancorp at the end of the most recent quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on RVSB. TheStreet cut Riverview Bancorp from a “b-” rating to a “c+” rating in a research note on Friday, February 23rd. StockNews.com initiated coverage on shares of Riverview Bancorp in a report on Friday. They set a “hold” rating for the company.

About Riverview Bancorp

Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.