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

Riverview Bancorp Inc (NASDAQ:RVSB) Director Gerald Lee Nies sold 18,001 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $6.15, for a total value of $110,706.15. Following the transaction, the director owned 147,522 shares in the company, valued at $907,260.30. The trade was a 10.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 Price Performance

Shares of NASDAQ RVSB opened at $6.12 on Friday. The firm’s 50-day moving average is $5.82 and its 200-day moving average is $5.50. Riverview Bancorp Inc has a 1 year low of $4.88 and a 1 year high of $6.22. The firm has a market capitalization of $122.09 million, a PE ratio of -43.71 and a beta of 0.47. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Tuesday, October 27th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $15.45 million for the quarter, compared to the consensus estimate of $15.10 million. Equities analysts expect that Riverview Bancorp Inc will post 0.35 EPS for the current year.

Riverview Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Friday, October 9th were paid 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 is currently -57.14%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Riverview Bancorp

A number of large investors have recently modified their holdings of the company. 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. acquired a new stake in shares of Riverview Bancorp in the 2nd quarter valued at about $7,042,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Riverview Bancorp during the 2nd quarter worth about $5,767,000. Empowered Funds LLC acquired a new stake in shares of Riverview Bancorp during the 2nd quarter worth approximately $697,000. Finally, Susquehanna International Group LLP bought a new stake in Riverview Bancorp during the second quarter valued at $661,000. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

About Riverview Bancorp

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.