Insider Selling: Riverview Bancorp (NASDAQ:RVSB) Major Shareholder Sells $26,250.00 in Stock

Riverview Bancorp Inc (NASDAQ:RVSB) major shareholder Nierenberg Investment Manageme sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $5.25, for a total value of $26,250.00. Following the sale, the insider owned 89,388 shares of the company’s stock, valued at approximately $469,287. This trade represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Riverview Bancorp Stock Performance

NASDAQ RVSB opened at $5.29 on Friday. The stock’s 50 day simple moving average is $5.50 and its 200-day simple moving average is $5.41. Riverview Bancorp Inc has a 1-year low of $4.74 and a 1-year high of $6.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $106.65 million, a PE ratio of -27.84 and a beta of 0.48.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Tuesday, July 28th. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.06%. The company had revenue of $15.01 million for the quarter, compared to analysts’ expectations of $14.80 million. As a group, equities research analysts anticipate that Riverview Bancorp Inc will post 0.32 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Thursday, July 9th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, July 9th. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. Riverview Bancorp’s payout ratio is presently -42.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings raised Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Riverview Bancorp has an average rating of “Reduce”.

Institutional Investors Weigh In On Riverview Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of RVSB. Empowered Funds LLC boosted its holdings in Riverview Bancorp by 7.4% in the 1st quarter. Empowered Funds LLC now owns 101,394 shares of the savings and loans company’s stock valued at $573,000 after purchasing an additional 6,988 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Riverview Bancorp by 204.1% in the 1st quarter. Jane Street Group LLC now owns 46,318 shares of the savings and loans company’s stock valued at $262,000 after buying an additional 31,085 shares during the period. Geode Capital Management LLC increased its holdings in shares of Riverview Bancorp by 110.2% during the 2nd quarter. Geode Capital Management LLC now owns 460,461 shares of the savings and loans company’s stock worth $2,533,000 after buying an additional 241,368 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Riverview Bancorp during the 2nd quarter worth approximately $53,000. Finally, American Century Companies Inc. raised its position in shares of Riverview Bancorp by 3.8% during the 2nd quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company’s stock valued at $636,000 after buying an additional 4,206 shares during the period. 69.60% of the stock is currently owned by institutional investors and hedge funds.

About Riverview Bancorp

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.