Riverview Bancorp (NASDAQ:RVSB) Director Acquires 2,000 Shares of Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Jon Girod acquired 2,000 shares of the stock in a transaction dated Friday, October 30th. The stock was acquired at an average price of $6.04 per share, for a total transaction of $12,080.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at approximately $30,200. This trade represents a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

Riverview Bancorp Stock Performance

Shares of RVSB stock traded up $0.07 during mid-day trading on Monday, reaching $6.08. 87,389 shares of the company’s stock traded hands, compared to its average volume of 69,465. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $121.31 million, a PE ratio of -43.43 and a beta of 0.47. Riverview Bancorp Inc has a 12 month low of $4.88 and a 12 month high of $6.22. The firm has a 50 day moving average price of $5.73 and a two-hundred day moving average price of $5.48.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Tuesday, October 27th. The savings and loans company reported $0.10 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $15.45 million for the quarter, compared to the consensus estimate of $15.10 million. On average, research analysts forecast that Riverview Bancorp Inc will post 0.35 EPS for the current year.

Riverview Bancorp Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RVSB. Bank of New York Mellon Corp purchased a new position in Riverview Bancorp in the 2nd quarter worth approximately $59,000. Engineers Gate Manager LP purchased a new position in shares of Riverview Bancorp in the second quarter worth $61,000. Squarepoint Ops LLC bought a new position in shares of Riverview Bancorp during the second quarter worth $195,000. Hsbc Holdings PLC grew its stake in Riverview Bancorp by 124.9% during the first quarter. Hsbc Holdings PLC now owns 36,101 shares of the savings and loans company’s stock valued at $201,000 after acquiring an additional 20,052 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in Riverview Bancorp in the 2nd quarter valued at $529,000. 69.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Wall Street Zen raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Raymond James Financial raised shares of Riverview Bancorp to a “moderate buy” rating in a research note on Monday, October 12th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from 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.