Bessie Ross Wills Purchases 2,000 Shares of Riverview Bancorp (NASDAQ:RVSB) Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Bessie Wills bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were acquired at an average price of $5.58 per share, with a total value of $11,160.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at $279,000. The trade was a 4.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Riverview Bancorp Stock Performance

Shares of Riverview Bancorp stock opened at $5.92 on Friday. The firm has a market capitalization of $118.10 million, a P/E ratio of -31.16 and a beta of 0.48. Riverview Bancorp Inc has a 52 week low of $4.88 and a 52 week high of $6.22. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $5.31 and its two-hundred day moving average is $5.42.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share 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 3.12%. The business had revenue of $15.01 million during the quarter, compared to the consensus estimate of $14.80 million. Research analysts forecast that Riverview Bancorp Inc will post 0.28 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Thursday, July 9th were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. Riverview Bancorp’s payout ratio is -42.11%.

Hedge Funds Weigh In On Riverview Bancorp

A number of institutional investors 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 $11,037,968. Dimensional Fund Advisors LP increased its stake in 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 purchasing an additional 15,745 shares during the period. BlackRock Inc. acquired a new position in Riverview Bancorp in the second quarter valued at $7,042,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Riverview Bancorp in the second quarter valued at about $5,767,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Riverview Bancorp by 21.1% in the first quarter. Renaissance Technologies LLC now owns 319,207 shares of the savings and loans company’s stock valued at $1,756,000 after buying an additional 55,700 shares during the last quarter. 69.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on RVSB shares. Weiss Ratings raised Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Wall Street Zen raised Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Riverview Bancorp Company Profile

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.