Key Points
- Director Bessie Ross Wills purchased 3,000 shares of Riverview Bancorp at an average price of $5.39 on Feb 18 for $16,170, raising her total holdings to 48,000 shares (a 6.67% increase).
- Riverview's board authorized a $4.0 million buyback (about 3.8% of shares) and the company pays a quarterly $0.02 dividend (annualized $0.08, ~1.5% yield).
- The company beat Q4 EPS estimates ($0.07 vs. $0.04) with $14.05M revenue, has a market cap of ~$112M, and carries a consensus analyst target of $7 with a majority "Hold" view.
Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) Director Bessie Ross Wills purchased 3,000 shares of Riverview Bancorp stock in a transaction that occurred on Wednesday, February 18th. The stock was purchased at an average cost of $5.39 per share, for a total transaction of $16,170.00. Following the completion of the purchase, the director owned 48,000 shares of the company's stock, valued at $258,720. This trade represents a 6.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Riverview Bancorp Stock Up 1.3%
Shares of RVSB stock traded up $0.07 during mid-day trading on Friday, reaching $5.42. 41,670 shares of the company's stock traded hands, compared to its average volume of 53,664. The company's 50-day moving average price is $5.23 and its 200-day moving average price is $5.18. The company has a market cap of $112.25 million, a P/E ratio of 23.57 and a beta of 0.62. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. Riverview Bancorp Inc has a 12 month low of $4.74 and a 12 month high of $6.59.
Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The savings and loans company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. Riverview Bancorp had a net margin of 6.41% and a return on equity of 2.99%. The business had revenue of $14.05 million for the quarter, compared to analyst estimates of $13.70 million. On average, equities analysts expect that Riverview Bancorp Inc will post 0.2 earnings per share for the current fiscal year.
Riverview Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, January 5th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, January 5th. Riverview Bancorp's dividend payout ratio is currently 34.78%.
Riverview Bancorp declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 28th that authorizes the company to buyback $4.00 million in shares. This buyback authorization authorizes the savings and loans company to repurchase up to 3.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.
Institutional Trading of Riverview Bancorp
Large investors have recently modified their holdings of the company. Barclays PLC lifted its holdings in Riverview Bancorp by 4.0% in the fourth quarter. Barclays PLC now owns 86,231 shares of the savings and loans company's stock valued at $433,000 after acquiring an additional 3,325 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Riverview Bancorp by 122.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company's stock worth $34,000 after purchasing an additional 3,524 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Riverview Bancorp by 3.8% in the second quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company's stock worth $636,000 after buying an additional 4,206 shares during the period. Goldman Sachs Group Inc. raised its stake in Riverview Bancorp by 4.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 122,631 shares of the savings and loans company's stock worth $616,000 after acquiring an additional 5,359 shares during the period. Finally, CWM LLC bought a new stake in shares of Riverview Bancorp during the 3rd quarter valued at $30,000. Institutional investors own 69.60% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Riverview Bancorp in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Riverview Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, February 14th. Finally, Zacks Research raised shares of Riverview Bancorp from a "strong sell" rating to a "hold" rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.00.
View Our Latest Analysis on Riverview Bancorp
About Riverview Bancorp
(
Get Free Report)
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.
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