Riverview Bancorp (NASDAQ:RVSB) Director Kourosh Nasser Zamanizadeh Acquires 3,600 Shares of Stock

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

Riverview Bancorp Stock Up 0.9%

Shares of Riverview Bancorp stock opened at $5.63 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. Riverview Bancorp Inc has a 12 month low of $4.81 and a 12 month high of $6.22. The business has a fifty day simple moving average of $5.28 and a 200 day simple moving average of $5.41. The stock has a market cap of $112.32 million, a PE ratio of -29.63 and a beta of 0.48.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. Riverview Bancorp had a positive return on equity of 3.12% and a negative net margin of 5.87%.The firm had revenue of $15.01 million for the quarter, compared to analyst estimates of $14.80 million. Research analysts predict that Riverview Bancorp Inc will post 0.28 EPS for the current year.

Riverview Bancorp Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.08 annualized dividend and a yield of 1.4%. Riverview Bancorp’s dividend payout ratio (DPR) is presently -42.11%.

Institutional Trading of Riverview Bancorp

Hedge funds have recently bought and sold shares of the stock. Legato Capital Management LLC lifted its position in Riverview Bancorp by 9.6% during the 4th quarter. Legato Capital Management LLC now owns 123,904 shares of the savings and loans company’s stock worth $622,000 after buying an additional 10,860 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Riverview Bancorp in the 2nd quarter valued at about $59,000. Engineers Gate Manager LP acquired a new stake in shares of Riverview Bancorp in the second quarter valued at about $61,000. Bank of America Corp DE increased its position in shares of Riverview Bancorp by 11.0% in the first quarter. Bank of America Corp DE now owns 131,533 shares of the savings and loans company’s stock valued at $723,000 after acquiring an additional 13,070 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Riverview Bancorp by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock worth $7,349,000 after acquiring an additional 15,745 shares in the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

About Riverview Bancorp

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.