Key Points
- Director Kourosh Nasser Zamanizadeh bought 3,600 Riverview Bancorp shares at $5.38 each, investing $19,368 and increasing his stake by 30.31% to 15,477 shares.
- Riverview Bancorp exceeded quarterly expectations, reporting $0.08 EPS versus the $0.07 consensus and revenue of $15.01 million, while maintaining a $0.02 quarterly dividend.
- The stock opened at $5.63 and has traded between $4.81 and $6.22 over the past year; analysts’ consensus rating remains “Reduce,” despite institutional investors owning 69.6% of shares.
Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) Director Kourosh Nasser Zamanizadeh acquired 3,600 shares of the company's stock in a transaction dated Monday, September 14th. The shares were bought at an average price of $5.38 per share, for a total transaction of $19,368.00. Following the purchase, the director owned 15,477 shares in the company, valued at approximately $83,266.26. This represents a 30.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Riverview Bancorp Price Performance
NASDAQ:RVSB opened at $5.63 on Wednesday. Riverview Bancorp Inc has a 1-year low of $4.81 and a 1-year high of $6.22. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $5.28 and a 200 day simple moving average of $5.41. The stock has a market capitalization of $112.32 million, a PE ratio of -29.63 and a beta of 0.48.
Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last issued its earnings results on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%. The business had revenue of $15.01 million for the quarter, compared to the consensus estimate of $14.80 million. On average, research analysts expect that Riverview Bancorp Inc will post 0.28 EPS for the current fiscal year.
Riverview Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Thursday, July 9th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 9th. Riverview Bancorp's dividend payout ratio (DPR) is -42.11%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on RVSB shares. 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. Wall Street Zen raised Riverview Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Riverview Bancorp presently has a consensus rating of "Reduce".
Read Our Latest Research Report on RVSB
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Nierenberg Investment Management Company LLC bought a new stake in shares of Riverview Bancorp during the second quarter worth approximately $11,037,968. BlackRock Inc. bought a new position in shares of Riverview Bancorp during the second quarter worth approximately $7,042,000. The Manufacturers Life Insurance Company bought a new position in shares of Riverview Bancorp during the second quarter worth approximately $5,767,000. Empowered Funds LLC acquired a new stake in Riverview Bancorp during the 2nd quarter worth approximately $697,000. Finally, Susquehanna International Group LLP acquired a new stake in Riverview Bancorp during the 2nd quarter worth approximately $661,000. Institutional investors and hedge funds own 69.60% of the company's stock.
Riverview Bancorp Company Profile
(
Get Free Report)
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.
Further Reading
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