Key Points
- Director Jon Girod purchased 2,000 Riverview Bancorp shares at $6.04 each, investing $12,080 and increasing his direct ownership by 66.67% to 5,000 shares.
- Riverview Bancorp’s latest quarterly results exceeded expectations, with earnings per share of $0.10 versus the $0.07 consensus and revenue of $15.45 million against estimates of $15.10 million.
- Shares opened at $6.08, near their 52-week high of $6.22; the company pays a quarterly dividend of $0.02 per share, while analyst sentiment remains mixed with an overall “Hold” rating.
Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) Director Jon Girod acquired 2,000 shares of the firm's stock in a transaction on Friday, October 30th. The stock was purchased at an average price of $6.04 per share, for a total transaction of $12,080.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately $30,200. The trade was a 66.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Riverview Bancorp Stock Up 1.2%
NASDAQ RVSB opened at $6.08 on Tuesday. The stock has a fifty day moving average of $5.74 and a 200-day moving average of $5.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $121.30 million, a P/E ratio of 21.54 and a beta of 0.47. Riverview Bancorp Inc has a 52 week low of $4.88 and a 52 week high of $6.22.
Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The savings and loans company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $15.45 million for the quarter, compared to the consensus estimate of $15.10 million. On average, equities research analysts forecast that Riverview Bancorp Inc will post 0.35 EPS for the current year.
Riverview Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Friday, October 9th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.08 dividend on an annualized basis and a yield of 1.3%. Riverview Bancorp's dividend payout ratio is -57.14%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Nierenberg Investment Management Company LLC bought a new stake in shares of Riverview Bancorp during the 2nd quarter valued at approximately $11,037,968. BlackRock Inc. acquired a new position in Riverview Bancorp in the second quarter valued at $7,042,000. The Manufacturers Life Insurance Company bought a new stake in shares of Riverview Bancorp during the 2nd quarter valued at about $5,767,000. Empowered Funds LLC acquired a new stake in Riverview Bancorp during the second quarter worth approximately $697,000. Finally, Susquehanna International Group LLP bought a new stake in Riverview Bancorp in the second quarter worth approximately $661,000. 69.60% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently commented on RVSB. Raymond James Financial upgraded shares of Riverview Bancorp to a "moderate buy" rating in a research note on Monday, October 12th. Weiss Ratings upgraded Riverview Bancorp from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, August 25th. Finally, 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 Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Riverview Bancorp has an average rating of "Hold".
Read Our Latest Stock Analysis on Riverview Bancorp
About Riverview Bancorp
(
Get Free Report)
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.
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