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

Riverview Bancorp Inc (NASDAQ:RVSB) Director Jon Girod acquired 2,000 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were purchased at an average cost of $6.04 per share, for a total transaction of $12,080.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at $30,200. This represents a 66.67% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Riverview Bancorp Stock Performance

RVSB opened at $6.08 on Tuesday. The stock’s 50 day simple moving average is $5.74 and its 200-day simple moving average is $5.49. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The stock has a market cap of $121.30 million, a PE ratio of 21.54 and a beta of 0.47. Riverview Bancorp Inc has a 1 year low of $4.88 and a 1 year high of $6.22.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Tuesday, October 27th. The savings and loans company reported $0.10 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $15.45 million during the quarter, compared to analysts’ expectations of $15.10 million. Sell-side analysts forecast that Riverview Bancorp Inc will post 0.35 EPS for the current year.

Riverview Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Friday, October 9th were paid a $0.02 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.3%. Riverview Bancorp’s dividend payout ratio is currently -57.14%.

Institutional Investors Weigh In On Riverview Bancorp

A number of large investors have recently bought and sold shares of RVSB. Nierenberg Investment Management Company LLC acquired a new stake in shares of Riverview Bancorp in the second quarter valued at $11,037,968. BlackRock Inc. bought a new stake in Riverview Bancorp during the 2nd quarter worth about $7,042,000. The Manufacturers Life Insurance Company bought a new stake in Riverview Bancorp during the 2nd quarter worth about $5,767,000. Empowered Funds LLC acquired a new stake in Riverview Bancorp in the 2nd quarter valued at about $697,000. Finally, Susquehanna International Group LLP acquired a new stake in Riverview Bancorp in the 2nd quarter valued at about $661,000. 69.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. Raymond James Financial raised shares of Riverview Bancorp to a “moderate buy” rating in a research report on Monday, October 12th. Finally, Wall Street Zen upgraded shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company 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.