Riverview Bancorp (NASDAQ:RVSB) Stock: Insider Gerald Lee Nies Sells 25,169 Shares

Riverview Bancorp Inc (NASDAQ:RVSB) Director Gerald Lee Nies sold 25,169 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $6.13, for a total value of $154,285.97. Following the completion of the sale, the director owned 165,523 shares in the company, valued at approximately $1,014,655.99. This trade represents a 13.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Gerald Lee Nies also recently made the following trade(s):

• On Wednesday, November 4th, Gerald Lee Nies sold 18,001 shares of Riverview Bancorp stock. The shares were sold at an average price of $6.15, for a total transaction of $110,706.15.

Riverview Bancorp Stock Performance

RVSB opened at $6.12 on Friday. The stock’s 50 day moving average price is $5.82 and its 200-day moving average price is $5.50. The stock has a market cap of $122.09 million, a price-to-earnings ratio of -43.71 and a beta of 0.47. Riverview Bancorp Inc has a one year low of $4.88 and a one year high of $6.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Tuesday, October 27th. The savings and loans company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Riverview Bancorp had a negative net margin of 4.46% and a positive return on equity of 3.76%. The firm had revenue of $15.45 million for the quarter, compared to the consensus estimate of $15.10 million. On average, equities analysts forecast that Riverview Bancorp Inc will post 0.35 EPS for the current year.

Riverview Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Friday, October 9th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, October 9th. Riverview Bancorp’s dividend payout ratio (DPR) is -57.14%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Nierenberg Investment Management Company LLC acquired a new position in shares of Riverview Bancorp during the 2nd quarter valued at about $11,037,968. BlackRock Inc. acquired a new stake in shares of Riverview Bancorp in the second quarter valued at approximately $7,042,000. The Manufacturers Life Insurance Company acquired a new position in shares of Riverview Bancorp in the 2nd quarter valued at approximately $5,767,000. Empowered Funds LLC bought a new position in Riverview Bancorp during the second quarter worth $697,000. Finally, Susquehanna International Group LLP bought a new position in shares of Riverview Bancorp in the second quarter worth $661,000. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Wall Street Analyst Weigh In

RVSB has been the topic of a number of research reports. Raymond James Financial upgraded Riverview Bancorp to a “moderate buy” rating in a research report on Monday, October 12th. Weiss Ratings upgraded shares of Riverview Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.