Riverview Bancorp (NASDAQ:RVSB) Director Bessie Ross Wills Purchases 2,000 Shares of Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Bessie Wills bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average cost of $5.58 per share, for a total transaction of $11,160.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at $279,000. This trade represents a 4.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Riverview Bancorp Stock Performance

Shares of RVSB opened at $5.78 on Friday. 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 stock has a 50-day moving average of $5.30 and a two-hundred day moving average of $5.42. The stock has a market cap of $115.31 million, a P/E ratio of -30.42 and a beta of 0.48. Riverview Bancorp Inc has a one year low of $4.88 and a one year high of $6.22.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Riverview Bancorp had a positive return on equity of 3.12% and a negative net margin of 5.87%.The business had revenue of $15.01 million for the quarter, compared to analyst estimates of $14.80 million. As a group, research analysts predict that Riverview Bancorp Inc will post 0.28 EPS for the current year.

Riverview Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Thursday, July 9th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, July 9th. Riverview Bancorp’s dividend payout ratio is -42.11%.

Hedge Funds Weigh In On Riverview Bancorp

Several large investors have recently made changes to their positions in RVSB. Nierenberg Investment Management Company LLC purchased a new stake in Riverview Bancorp during the second quarter worth $11,037,968. Dimensional Fund Advisors LP raised its position in shares of Riverview Bancorp by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock worth $7,349,000 after acquiring an additional 15,745 shares during the period. BlackRock Inc. purchased a new stake in shares of Riverview Bancorp during the 2nd quarter worth about $7,042,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Riverview Bancorp during the 2nd quarter valued at about $5,767,000. Finally, Renaissance Technologies LLC grew its position in shares of Riverview Bancorp by 21.1% during the 1st quarter. Renaissance Technologies LLC now owns 319,207 shares of the savings and loans company’s stock valued at $1,756,000 after acquiring an additional 55,700 shares during the period. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings upgraded shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc is a bank holding company headquartered in Vancouver, Washington. Its principal subsidiary, Riverview Community Bank, provides banking services to individuals, families, businesses and public-sector organizations in Southwest Washington and Oregon.

Riverview Community Bank offers deposit products, commercial and residential real estate loans, construction and land development financing, commercial business loans, consumer lending and residential mortgage services.