Riverview Bancorp, Inc. (RVSB) CFO Acquires $15,900.00 in Stock
Riverview Bancorp, Inc. (NASDAQ:RVSB) CFO David Lam acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were purchased at an average cost of $7.95 per share, with a total value of $15,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Riverview Bancorp stock opened at $7.39 on Friday. The firm has a market cap of $170.85 million, a PE ratio of 13.94 and a beta of 0.51. Riverview Bancorp, Inc. has a 12-month low of $6.71 and a 12-month high of $9.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88.
Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Thursday, October 25th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The business had revenue of $14.62 million during the quarter, compared to analysts’ expectations of $14.20 million. Riverview Bancorp had a net margin of 22.54% and a return on equity of 12.61%. As a group, sell-side analysts forecast that Riverview Bancorp, Inc. will post 0.75 earnings per share for the current year.
Several equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Zacks Investment Research raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research report on Wednesday, November 7th.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.
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