Riverview Bancorp (NASDAQ:RVSB) Director Sells $110,706.15 in Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Gerald Lee Nies sold 18,001 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $6.15, for a total value of $110,706.15. Following the sale, the director directly owned 147,522 shares in the company, valued at $907,260.30. This represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, November 3rd, Gerald Lee Nies sold 25,169 shares of Riverview Bancorp stock. The stock was sold at an average price of $6.13, for a total transaction of $154,285.97.

Riverview Bancorp Stock Down 0.2%

Shares of RVSB traded down $0.01 during midday trading on Thursday, reaching $6.12. The stock had a trading volume of 60,497 shares, compared to its average volume of 69,666. Riverview Bancorp Inc has a 1-year low of $4.88 and a 1-year high of $6.22. The company’s fifty day simple moving average is $5.78 and its two-hundred day simple moving average is $5.49. The company has a market cap of $122.11 million, a price-to-earnings ratio of -43.71 and a beta of 0.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93.

Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Tuesday, October 27th. The savings and loans company reported $0.10 earnings per share for the quarter, topping 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 firm had revenue of $15.45 million during the quarter, compared to analysts’ expectations of $15.10 million. Equities research analysts expect that Riverview Bancorp Inc will post 0.35 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Nierenberg Investment Management Company LLC acquired a new position in shares of Riverview Bancorp during the 2nd quarter worth $11,037,968. BlackRock Inc. acquired a new stake in shares of Riverview Bancorp in the second quarter valued at about $7,042,000. The Manufacturers Life Insurance Company purchased a new stake in Riverview Bancorp during the second quarter worth about $5,767,000. Empowered Funds LLC purchased a new stake in Riverview Bancorp during the second quarter worth about $697,000. Finally, Susquehanna International Group LLP acquired a new position in Riverview Bancorp during the second quarter worth about $661,000. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Riverview Bancorp Company Profile

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.