Insider Buying: Riverview Bancorp (NASDAQ:RVSB) Director Buys 2,000 Shares of Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Bessie Wills acquired 2,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was bought at an average price of $5.58 per share, with a total value of $11,160.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately $279,000. The trade was a 4.17% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Riverview Bancorp Trading Up 1.6%

Shares of Riverview Bancorp stock traded up $0.09 on Thursday, hitting $5.71. The stock had a trading volume of 41,001 shares, compared to its average volume of 68,008. 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 one year low of $4.88 and a one year high of $6.22. The stock has a market cap of $113.91 million, a price-to-earnings ratio of -30.05 and a beta of 0.48. The stock’s 50-day simple moving average is $5.29 and its two-hundred day simple moving average is $5.41.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Wednesday, July 29th. The savings and loans company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%. The company had revenue of $15.01 million for the quarter, compared to the consensus estimate of $14.80 million. As a group, sell-side 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. Shareholders of record on Thursday, July 9th were given a $0.02 dividend. The ex-dividend date was Thursday, July 9th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.4%. Riverview Bancorp’s payout ratio is presently -42.11%.

Institutional Investors Weigh In On Riverview Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Legato Capital Management LLC boosted its position in shares of Riverview Bancorp by 9.6% in the 4th quarter. Legato Capital Management LLC now owns 123,904 shares of the savings and loans company’s stock worth $622,000 after purchasing an additional 10,860 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Riverview Bancorp during the 2nd quarter valued at approximately $59,000. Engineers Gate Manager LP purchased a new position in Riverview Bancorp during the second quarter valued at $61,000. Bank of America Corp DE raised its stake in Riverview Bancorp by 11.0% during 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 buying an additional 13,070 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Riverview Bancorp by 1.2% in 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 owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RVSB. Weiss Ratings upgraded shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Wall Street Zen upgraded Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.