Riverview Bancorp (NASDAQ:RVSB) Director Gerald Lee Nies Sells 18,001 Shares of Company Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Gerald Lee Nies sold 18,001 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was 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 in the company, valued at approximately $907,260.30. The trade was a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 shares were sold at an average price of $6.13, for a total value of $154,285.97.

Riverview Bancorp Trading Down 0.2%

NASDAQ RVSB opened at $6.12 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. Riverview Bancorp Inc has a twelve month low of $4.88 and a twelve month high of $6.22. The company has a market cap of $122.09 million, a price-to-earnings ratio of 21.89 and a beta of 0.47. The business’s fifty day moving average is $5.80 and its 200 day moving average is $5.50.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Tuesday, October 27th. The savings and loans company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Riverview Bancorp had a positive return on equity of 3.76% and a negative net margin of 4.46%. The business had revenue of $15.45 million for the quarter, compared to analyst estimates of $15.10 million. As a group, sell-side analysts expect that Riverview Bancorp Inc will post 0.35 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Friday, October 9th were given 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 dividend payout ratio (DPR) is currently -57.14%.

Institutional Trading of Riverview Bancorp

Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new stake in Riverview Bancorp in the second quarter valued at $59,000. Engineers Gate Manager LP acquired a new position in Riverview Bancorp during the 2nd quarter worth about $61,000. Squarepoint Ops LLC acquired a new position in Riverview Bancorp during the 2nd quarter worth about $195,000. Hsbc Holdings PLC lifted its holdings in Riverview Bancorp by 124.9% during the 1st quarter. Hsbc Holdings PLC now owns 36,101 shares of the savings and loans company’s stock worth $201,000 after buying an additional 20,052 shares during the period. Finally, Ancora Advisors LLC bought a new stake in shares of Riverview Bancorp in the 2nd quarter valued at about $529,000. Institutional investors own 69.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RVSB. Raymond James Financial upgraded Riverview Bancorp to a “moderate buy” rating in a report on Monday, October 12th. Wall Street Zen upgraded shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Weiss Ratings upgraded shares of Riverview Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Riverview Bancorp presently has an average rating of “Hold”.

Riverview Bancorp Company Profile

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.