Riverview Bancorp Inc (RVSB) Director Gerald Lee Nies Sells 30,778 Shares

Riverview Bancorp Inc (NASDAQ:RVSB) Director Gerald Lee Nies sold 30,778 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $8.58, for a total value of $264,075.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Riverview Bancorp Inc (RVSB) traded up $0.03 during mid-day trading on Friday, reaching $8.65. The company’s stock had a trading volume of 84,098 shares, compared to its average volume of 92,114. Riverview Bancorp Inc has a 1-year low of $5.69 and a 1-year high of $9.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $190.64, a price-to-earnings ratio of 19.23 and a beta of 0.51.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Riverview Bancorp had a return on equity of 8.63% and a net margin of 18.90%. The business had revenue of $13.44 million during the quarter, compared to analyst estimates of $13.10 million. equities analysts anticipate that Riverview Bancorp Inc will post 0.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Friday, October 13th were paid a $0.0225 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.09 dividend on an annualized basis and a yield of 1.04%. Riverview Bancorp’s payout ratio is presently 20.46%.

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Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC purchased a new stake in Riverview Bancorp in the 3rd quarter worth $113,000. Rhumbline Advisers purchased a new stake in Riverview Bancorp in the 2nd quarter worth $133,000. Goldman Sachs Group Inc. increased its stake in Riverview Bancorp by 27.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 18,776 shares of the savings and loans company’s stock worth $134,000 after buying an additional 4,038 shares in the last quarter. First Trust Advisors LP purchased a new stake in Riverview Bancorp in the 3rd quarter worth $139,000. Finally, Nationwide Fund Advisors increased its stake in Riverview Bancorp by 278.8% in the 2nd quarter. Nationwide Fund Advisors now owns 22,013 shares of the savings and loans company’s stock worth $146,000 after buying an additional 16,202 shares in the last quarter. Institutional investors and hedge funds own 56.10% of the company’s stock.

Several equities research analysts have recently commented on RVSB shares. ValuEngine lowered Riverview Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Thursday, August 3rd.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).

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