Insider Selling: Riverview Bancorp (NASDAQ:RVSB) Director Sells $154,285.97 in Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Gerald Lee Nies sold 25,169 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $6.13, for a total value of $154,285.97. Following the sale, the director owned 165,523 shares of the company’s stock, valued at $1,014,655.99. This trade represents a 13.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Gerald Lee Nies also recently made the following trade(s):

• On Wednesday, November 4th, Gerald Lee Nies sold 18,001 shares of Riverview Bancorp stock. The shares were sold at an average price of $6.15, for a total value of $110,706.15.

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB opened at $6.12 on Friday. 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 stock has a market cap of $122.11 million, a PE ratio of -43.71 and a beta of 0.47. The stock’s fifty day simple moving average is $5.82 and its two-hundred day simple 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) last posted its earnings results on Tuesday, October 27th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. The firm 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 forecast that Riverview Bancorp Inc will post 0.35 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Friday, October 9th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, October 9th. Riverview Bancorp’s payout ratio is presently -57.14%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Nierenberg Investment Management Company LLC purchased a new position in Riverview Bancorp during the second quarter valued at approximately $11,037,968. BlackRock Inc. purchased a new stake in shares of Riverview Bancorp during the 2nd quarter valued at $7,042,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Riverview Bancorp during the 2nd quarter valued at $5,767,000. Empowered Funds LLC purchased a new stake in shares of Riverview Bancorp during the 2nd quarter valued at $697,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Riverview Bancorp during the 2nd quarter worth $661,000. Institutional investors own 69.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen raised Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings raised Riverview Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, Raymond James Financial upgraded Riverview Bancorp to a “moderate buy” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Riverview Bancorp

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.