Key Points
- Director Gerald Lee Nies sold 18,001 Riverview Bancorp shares for about $110,706 at an average price of $6.15, reducing his holdings by 10.88% to 147,522 shares. He also sold 25,169 shares the previous day.
- Riverview Bancorp beat quarterly estimates, reporting earnings of $0.10 per share versus the $0.07 consensus and revenue of $15.45 million versus $15.10 million expected.
- Analyst sentiment is broadly neutral: one analyst rates RVSB a Buy and two rate it Hold, for a MarketBeat average of Hold. The company’s quarterly dividend is $0.02 per share, equivalent to a 1.3% annual yield.
Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) Director Gerald Lee Nies sold 18,001 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $6.15, for a total transaction of $110,706.15. Following the sale, the director directly owned 147,522 shares of the company's stock, valued at $907,260.30. This represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Gerald Lee Nies also recently made the following trade(s):
- On Tuesday, November 3rd, Gerald Lee Nies sold 25,169 shares of Riverview Bancorp stock. The stock was sold at an average price of $6.13, for a total transaction of $154,285.97.
Riverview Bancorp Stock Down 0.2%
Shares of NASDAQ RVSB opened at $6.12 on Friday. The company's 50 day moving average price is $5.80 and its 200-day moving average price is $5.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. Riverview Bancorp Inc has a 52-week low of $4.88 and a 52-week high of $6.22. The company has a market capitalization of $122.09 million, a P/E ratio of 21.89 and a beta of 0.47.
Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The savings and loans company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Riverview Bancorp had a negative net margin of 4.46% and a positive return on equity of 3.76%. The company had revenue of $15.45 million during the quarter, compared to analysts' expectations of $15.10 million. Equities analysts forecast that Riverview Bancorp Inc will post 0.35 earnings per share for the current year.
Riverview Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Friday, October 9th were issued a $0.02 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.08 annualized dividend and a yield of 1.3%. Riverview Bancorp's payout ratio is presently -57.14%.
Hedge Funds Weigh In On Riverview Bancorp
Several institutional investors have recently added to or reduced their stakes in RVSB. Bank of New York Mellon Corp bought a new position in shares of Riverview Bancorp during the 2nd quarter worth approximately $59,000. Engineers Gate Manager LP bought a new stake in shares of Riverview Bancorp in the 2nd quarter valued at $61,000. Squarepoint Ops LLC bought a new stake in shares of Riverview Bancorp in the 2nd quarter valued at $195,000. Hsbc Holdings PLC increased its stake in shares of Riverview Bancorp by 124.9% in the 1st quarter. Hsbc Holdings PLC now owns 36,101 shares of the savings and loans company's stock valued at $201,000 after acquiring an additional 20,052 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new position in shares of Riverview Bancorp during the 2nd quarter valued at $529,000. 69.60% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have weighed in on RVSB shares. Raymond James Financial upgraded Riverview Bancorp to a "moderate buy" rating in a report on Monday, October 12th. Wall Street Zen raised Riverview Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings raised Riverview Bancorp from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold".
Check Out Our Latest Stock Report 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.
Further Reading

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