Riverview Bancorp (NASDAQ:RVSB) Director Larry Hoff Buys 1,920 Shares

Riverview Bancorp Inc (NASDAQ:RVSB) Director Larry Hoff bought 1,920 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were acquired at an average price of $5.21 per share, with a total value of $10,003.20. Following the purchase, the director owned 14,020 shares in the company, valued at $73,044.20. This trade represents a 15.87% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB opened at $5.45 on Friday. The business has a 50 day moving average price of $5.40 and a 200 day moving average price of $5.30. Riverview Bancorp Inc has a twelve month low of $4.74 and a twelve month high of $6.31. The company has a market cap of $112.87 million, a price-to-earnings ratio of -25.95 and a beta of 0.46. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.55.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Tuesday, April 28th. The savings and loans company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). Riverview Bancorp had a negative net margin of 6.70% and a positive return on equity of 2.67%. The business had revenue of $2.15 million for the quarter, compared to the consensus estimate of $14.10 million. Research analysts predict that Riverview Bancorp Inc will post 0.32 earnings per share for the current year.

Riverview Bancorp announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 28th that allows the company to buyback $4.00 million in shares. This buyback authorization allows the savings and loans company to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Riverview Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 13th were paid a dividend of $0.02 per share. The ex-dividend date was Monday, April 13th. This represents a $0.08 annualized dividend and a yield of 1.5%. Riverview Bancorp’s dividend payout ratio is presently -38.10%.

Hedge Funds Weigh In On Riverview Bancorp

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Riverview Bancorp by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock valued at $7,349,000 after acquiring an additional 15,745 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Riverview Bancorp by 124.9% in the 1st quarter. Hsbc Holdings PLC now owns 36,101 shares of the savings and loans company’s stock worth $201,000 after buying an additional 20,052 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Riverview Bancorp by 6.3% in the 4th quarter. Empowered Funds LLC now owns 128,293 shares of the savings and loans company’s stock worth $644,000 after buying an additional 7,575 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Riverview Bancorp by 2.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 275,199 shares of the savings and loans company’s stock worth $1,381,000 after buying an additional 7,575 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Riverview Bancorp by 22.7% in the 4th quarter. AQR Capital Management LLC now owns 66,380 shares of the savings and loans company’s stock worth $333,000 after buying an additional 12,261 shares in the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Riverview Bancorp in a research note on Tuesday, April 21st. Wall Street Zen cut Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

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.