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

Riverview Bancorp Inc (NASDAQ:RVSB) Director Jon Louis Girod bought 2,000 shares of Riverview Bancorp stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $5.24 per share, with a total value of $10,480.00. Following the purchase, the director directly owned 2,000 shares in the company, valued at $10,480. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Riverview Bancorp Stock Up 1.7%

Riverview Bancorp stock opened at $5.39 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50-day simple moving average is $5.50 and its two-hundred day simple moving average is $5.42. The company has a market cap of $108.66 million, a PE ratio of -28.37 and a beta of 0.49. Riverview Bancorp Inc has a fifty-two week low of $4.74 and a fifty-two week high of $6.22.

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

Riverview Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Riverview Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in RVSB. Daytona Street Capital LLC purchased a new position in shares of Riverview Bancorp during the 4th quarter valued at approximately $30,000. Raymond James Financial Inc. purchased a new stake in Riverview Bancorp during the second quarter worth $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 buying an additional 3,524 shares during the period. JPMorgan Chase & Co. acquired a new stake in Riverview Bancorp during the second quarter valued at $53,000. Finally, Intech Investment Management LLC purchased a new position in Riverview Bancorp in the third quarter valued at $55,000. Institutional investors and hedge funds own 69.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RVSB shares. Wall Street Zen lowered shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings upgraded shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

About Riverview Bancorp

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.