Riverview Bancorp, Inc. (NASDAQ:RVSB) CFO David Lam bought 2,000 shares of the stock in a transaction on Tuesday, December 4th. The stock was purchased at an average price of $7.95 per share, for a total transaction of $15,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ RVSB traded down $0.29 on Thursday, hitting $7.29. The stock had a trading volume of 41,810 shares, compared to its average volume of 34,306. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $171.30 million, a PE ratio of 13.76 and a beta of 0.51. Riverview Bancorp, Inc. has a 52-week low of $7.02 and a 52-week high of $9.99.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, October 25th. The savings and loans company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The firm had revenue of $14.62 million for the quarter, compared to analysts’ expectations of $14.20 million. Riverview Bancorp had a net margin of 22.54% and a return on equity of 12.61%. On average, research analysts anticipate that Riverview Bancorp, Inc. will post 0.75 EPS for the current year.
RVSB has been the topic of several recent analyst reports. ValuEngine cut shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Zacks Investment Research upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Wednesday, November 7th.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Riverview Bancorp by 12.4% during the 2nd quarter. BlackRock Inc. now owns 2,447,476 shares of the savings and loans company’s stock valued at $20,656,000 after buying an additional 269,533 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Riverview Bancorp by 3.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,654,765 shares of the savings and loans company’s stock valued at $14,628,000 after buying an additional 53,605 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Riverview Bancorp by 9.0% during the 3rd quarter. Renaissance Technologies LLC now owns 399,207 shares of the savings and loans company’s stock valued at $3,529,000 after buying an additional 32,807 shares in the last quarter. Pacific Ridge Capital Partners LLC purchased a new stake in shares of Riverview Bancorp during the 3rd quarter valued at $2,354,000. Finally, Bank of America Corp DE raised its position in shares of Riverview Bancorp by 19.0% during the 2nd quarter. Bank of America Corp DE now owns 248,578 shares of the savings and loans company’s stock valued at $2,097,000 after buying an additional 39,651 shares in the last quarter. Hedge funds and other institutional investors own 60.80% of the company’s stock.
About Riverview Bancorp
Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.
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