Key Points
- Director Larry Hoff bought 1,920 shares on May 5 at $5.21 each for $10,003.20, boosting his stake 15.87% to 14,020 shares now valued at $73,044.20.
- Riverview reported Q1 EPS of $0.03 versus analysts' $0.05 estimate and revenue of $2.15M (vs. $14.10M expected), with a positive ROE of 2.67% but a negative net margin of 6.7% and a market cap of about $112.9M.
- The board authorized a $4.0M share buyback (up to 3.8% of shares) and pays a $0.02 quarterly dividend (≈1.5% yield); analysts' consensus is "Hold" though one firm recently cut the rating to "Sell."
Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) Director Larry Hoff bought 1,920 shares of the company's stock in a transaction dated Tuesday, May 5th. The stock was bought at an average cost of $5.21 per share, with a total value of $10,003.20. Following the completion of the acquisition, the director owned 14,020 shares in the company, valued at $73,044.20. This represents a 15.87% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Riverview Bancorp Trading Up 3.8%
Shares of RVSB opened at $5.45 on Friday. Riverview Bancorp Inc has a 1 year low of $4.74 and a 1 year high of $6.31. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $5.40 and a 200-day simple moving average of $5.30. The stock has a market cap of $112.87 million, a PE ratio of -25.95 and a beta of 0.46.
Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last issued its earnings results on Tuesday, April 28th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). Riverview Bancorp had a positive return on equity of 2.67% and a negative net margin of 6.70%.The company had revenue of $2.15 million during the quarter, compared to analyst estimates of $14.10 million. On average, sell-side analysts predict that Riverview Bancorp Inc will post 0.32 EPS for the current fiscal year.
Riverview Bancorp declared that its Board of Directors has initiated a share buyback program on Wednesday, January 28th that authorizes the company to repurchase $4.00 million in shares. This repurchase authorization authorizes the savings and loans company to purchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.
Riverview Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Monday, April 13th were issued a $0.02 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. Riverview Bancorp's dividend payout ratio is presently -38.10%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. CWM LLC bought a new position in Riverview Bancorp in the 3rd quarter valued at $30,000. Daytona Street Capital LLC bought a new position in Riverview Bancorp in the 4th quarter valued at $30,000. Raymond James Financial Inc. bought a new position in Riverview Bancorp in the 2nd quarter valued at $34,000. BNP Paribas Financial Markets boosted its position in 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 valued at $34,000 after buying an additional 3,524 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in Riverview Bancorp in the 2nd quarter valued at $53,000. 69.60% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently weighed in on RVSB. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Riverview Bancorp in a report 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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on Riverview Bancorp
Riverview Bancorp Company Profile
(
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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