Key Points
- CEO Nicole Sherman purchased 1,765 Riverview Bancorp shares at an average price of $5.69, investing $10,042.85 and increasing her ownership to 166,482 shares.
- Riverview Bancorp reported quarterly EPS of $0.08, beating estimates by $0.01, while revenue reached $15.01 million. The company also maintains a quarterly dividend of $0.02 per share, equivalent to a 1.4% yield.
- Analyst sentiment remains cautious, with one Hold and one Sell rating producing an overall “Reduce” consensus; institutional investors own 69.6% of the company.
Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) CEO Nicole Sherman purchased 1,765 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was bought at an average cost of $5.69 per share, with a total value of $10,042.85. Following the acquisition, the chief executive officer owned 166,482 shares of the company's stock, valued at $947,282.58. This represents a 1.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Riverview Bancorp Stock Performance
RVSB stock opened at $5.78 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93. The company has a 50 day moving average price of $5.30 and a 200 day moving average price of $5.42. Riverview Bancorp Inc has a fifty-two week low of $4.88 and a fifty-two week high of $6.22. The stock has a market capitalization of $115.31 million, a PE ratio of -30.42 and a beta of 0.48.
Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The firm had revenue of $15.01 million for the quarter, compared to analyst estimates of $14.80 million. Riverview Bancorp had a positive return on equity of 3.12% and a negative net margin of 5.87%. Analysts forecast that Riverview Bancorp Inc will post 0.28 EPS for the current year.
Riverview Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Thursday, July 9th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 9th. Riverview Bancorp's dividend payout ratio is -42.11%.
Hedge Funds Weigh In On Riverview Bancorp
Institutional investors and hedge funds have recently modified their holdings of the business. Nierenberg Investment Management Company LLC acquired a new stake in Riverview Bancorp during the 2nd quarter worth approximately $11,037,968. Dimensional Fund Advisors LP boosted its holdings 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 valued at $7,349,000 after buying an additional 15,745 shares during the period. BlackRock Inc. acquired a new position in shares of Riverview Bancorp in the second quarter valued at approximately $7,042,000. The Manufacturers Life Insurance Company bought a new stake in shares of Riverview Bancorp during the second quarter worth $5,767,000. Finally, Renaissance Technologies LLC increased its position in shares of Riverview Bancorp by 21.1% during the first quarter. Renaissance Technologies LLC now owns 319,207 shares of the savings and loans company's stock worth $1,756,000 after acquiring an additional 55,700 shares in the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Weiss Ratings upgraded Riverview Bancorp from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 25th. Wall Street Zen upgraded shares of 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce".
View Our Latest Analysis on RVSB
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.
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