Riverview Bancorp (NASDAQ:RVSB) Director Buys $10,003.20 in Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Larry Hoff purchased 1,920 shares of Riverview Bancorp stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average cost of $5.21 per share, for a total transaction of $10,003.20. Following the completion of the transaction, the director directly owned 14,020 shares in the company, valued at $73,044.20. This represents a 15.87% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Riverview Bancorp Stock Performance

Riverview Bancorp stock opened at $5.51 on Friday. The stock’s 50 day moving average price is $5.40 and its 200 day moving average price is $5.30. The firm has a market capitalization of $114.11 million, a PE ratio of -26.24 and a beta of 0.46. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.88 and a current ratio of 0.88. Riverview Bancorp Inc has a one year low of $4.74 and a one year high of $6.31.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings results on Tuesday, April 28th. The savings and loans company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $2.15 million for the quarter, compared to analyst estimates of $14.10 million. Riverview Bancorp had a positive return on equity of 2.67% and a negative net margin of 6.70%. As a group, sell-side analysts expect that Riverview Bancorp Inc will post 0.32 EPS for the current fiscal year.

Riverview Bancorp declared that its board has approved a stock repurchase program on Wednesday, January 28th that authorizes the company to buyback $4.00 million in outstanding shares. This buyback authorization authorizes the savings and loans company to purchase up to 3.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 13th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.08 annualized dividend and a yield of 1.5%. Riverview Bancorp’s payout ratio is -38.10%.

Hedge Funds Weigh In On Riverview Bancorp

Several large investors have recently added to or reduced their stakes in the company. Nierenberg Investment Management Company Inc. lifted its stake in Riverview Bancorp by 4.9% during the third quarter. Nierenberg Investment Management Company Inc. now owns 2,032,775 shares of the savings and loans company’s stock worth $10,916,000 after purchasing an additional 95,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 purchasing an additional 15,745 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in Riverview Bancorp by 3.5% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 723,684 shares of the savings and loans company’s stock worth $3,633,000 after purchasing an additional 24,178 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Riverview Bancorp by 1.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 581,943 shares of the savings and loans company’s stock worth $3,125,000 after purchasing an additional 7,220 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Riverview Bancorp by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 471,324 shares of the savings and loans company’s stock worth $2,366,000 after purchasing an additional 5,793 shares during the last quarter. 69.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RVSB has been the topic of a number of recent analyst reports. Weiss Ratings raised Riverview Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Wall Street Zen lowered Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Riverview Bancorp currently has an average rating of “Hold”.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.