Riverview Bancorp (NASDAQ:RVSB) Director Buys $19,368.00 in Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Kourosh Nasser Zamanizadeh bought 3,600 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average cost of $5.38 per share, for a total transaction of $19,368.00. Following the completion of the purchase, the director owned 15,477 shares of the company’s stock, valued at $83,266.26. This represents a 30.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Riverview Bancorp Trading Up 2.8%

RVSB opened at $5.78 on Friday. Riverview Bancorp Inc has a 1-year low of $4.88 and a 1-year high of $6.22. 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 company has a market cap of $115.31 million, a P/E ratio of -30.42 and a beta of 0.48. The company has a fifty day moving average price of $5.30 and a two-hundred day moving average price of $5.42.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $15.01 million for the quarter, compared to analysts’ expectations of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%. 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. Investors of record on Thursday, July 9th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 9th. Riverview Bancorp’s dividend payout ratio is -42.11%.

Institutional Investors Weigh In On Riverview Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nierenberg Investment Management Company LLC bought a new position in Riverview Bancorp in the 2nd quarter valued at about $11,037,968. Dimensional Fund Advisors LP increased its holdings in Riverview Bancorp by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock worth $7,349,000 after purchasing an additional 15,745 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Riverview Bancorp in the second quarter worth approximately $7,042,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Riverview Bancorp in the second quarter worth approximately $5,767,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Riverview Bancorp by 21.1% in the first quarter. Renaissance Technologies LLC now owns 319,207 shares of the savings and loans company’s stock valued at $1,756,000 after purchasing an additional 55,700 shares in the last quarter. 69.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Weiss Ratings raised Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. Wall Street Zen raised Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Riverview Bancorp presently has an average rating of “Reduce”.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc is a bank holding company headquartered in Vancouver, Washington. Its principal subsidiary, Riverview Community Bank, provides banking services to individuals, families, businesses and public-sector organizations in Southwest Washington and Oregon.

Riverview Community Bank offers deposit products, commercial and residential real estate loans, construction and land development financing, commercial business loans, consumer lending and residential mortgage services.