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 institutional investors have recently added to or reduced their stakes in RVSB. Acadian Asset Management LLC lifted its position in Riverview Bancorp by 14.9% in the third quarter. Acadian Asset Management LLC now owns 79,790 shares of the savings and loans company’s stock valued at $705,000 after acquiring an additional 10,319 shares during the last quarter. Northern Trust Corp lifted its position in Riverview Bancorp by 4.9% in the second quarter. Northern Trust Corp now owns 231,998 shares of the savings and loans company’s stock valued at $1,958,000 after acquiring an additional 10,917 shares during the last quarter. Millennium Management LLC lifted its position in Riverview Bancorp by 11.3% in the second quarter. Millennium Management LLC now owns 120,873 shares of the savings and loans company’s stock valued at $1,020,000 after acquiring an additional 12,273 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Riverview Bancorp in the third quarter valued at $128,000. Finally, Citadel Advisors LLC purchased a new stake in Riverview Bancorp in the third quarter valued at $144,000. 60.80% of the stock is owned by institutional investors and hedge funds.

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.

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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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