Patricia Eby Purchases 5,000 Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) Stock

Riverview Bancorp, Inc. (NASDAQ:RVSB) Director Patricia Eby acquired 5,000 shares of Riverview Bancorp stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average price of $3.75 per share, with a total value of $18,750.00. Following the transaction, the director now owns 22,000 shares of the company’s stock, valued at $82,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Riverview Bancorp Price Performance

RVSB stock opened at $3.76 on Thursday. The firm has a 50 day moving average of $4.56 and a 200-day moving average of $5.35. The company has a market cap of $79.37 million, a price-to-earnings ratio of 20.89 and a beta of 0.75. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.18. Riverview Bancorp, Inc. has a 12-month low of $3.37 and a 12-month high of $6.57.

Riverview Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Thursday, April 11th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $0.24 dividend on an annualized basis and a yield of 6.38%. Riverview Bancorp’s payout ratio is 133.34%.

Analysts Set New Price Targets

Separately, TheStreet cut Riverview Bancorp from a “b-” rating to a “c+” rating in a research report on Friday, February 23rd.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Riverview Bancorp stock. Mendon Capital Advisors Corp bought a new stake in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 33,743 shares of the savings and loans company’s stock, valued at approximately $216,000. Mendon Capital Advisors Corp owned approximately 0.16% of Riverview Bancorp at the end of the most recent quarter. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

About Riverview Bancorp

Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building 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.