Riverview Bancorp (NASDAQ:RVSB) Director Jon Louis Girod Buys 2,000 Shares of Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Jon Louis Girod bought 2,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was bought at an average price of $5.24 per share, with a total value of $10,480.00. Following the purchase, the director owned 2,000 shares in the company, valued at $10,480. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Riverview Bancorp Price Performance

Shares of RVSB traded up $0.07 during midday trading on Monday, hitting $5.37. 14,941 shares of the company traded hands, compared to its average volume of 70,425. Riverview Bancorp Inc has a one year low of $4.74 and a one year high of $6.22. The firm has a market cap of $108.26 million, a P/E ratio of -28.26 and a beta of 0.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a 50-day moving average of $5.50 and a 200-day moving average of $5.41.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Tuesday, July 28th. The savings and loans company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $15.01 million during the quarter, compared to analyst estimates of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.06%. As a group, sell-side analysts predict that Riverview Bancorp Inc will post 0.28 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Thursday, July 9th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, July 9th. Riverview Bancorp’s payout ratio is -42.11%.

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Daytona Street Capital LLC bought a new position in shares of Riverview Bancorp during the 4th quarter valued at about $30,000. Raymond James Financial Inc. purchased a new stake in Riverview Bancorp in the second quarter worth approximately $34,000. BNP Paribas Financial Markets grew its position in Riverview Bancorp by 122.9% during the third quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock valued at $34,000 after acquiring an additional 3,524 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Riverview Bancorp during the second quarter worth approximately $53,000. Finally, Intech Investment Management LLC bought a new stake in shares of Riverview Bancorp in the 3rd quarter worth approximately $55,000. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RVSB. Weiss Ratings upgraded Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Wall Street Zen lowered Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.