Nierenberg Investment Manageme Sells 5,000 Shares of Riverview Bancorp (NASDAQ:RVSB) Stock

Riverview Bancorp Inc (NASDAQ:RVSB) major shareholder Nierenberg Investment Manageme sold 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $5.25, for a total value of $26,250.00. Following the transaction, the insider owned 89,388 shares of the company’s stock, valued at $469,287. The trade was a 5.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Riverview Bancorp Trading Down 1.5%

Shares of Riverview Bancorp stock opened at $5.29 on Thursday. The stock has a market capitalization of $106.65 million, a P/E ratio of -27.84 and a beta of 0.48. Riverview Bancorp Inc has a 52-week low of $4.74 and a 52-week high of $6.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50-day simple moving average is $5.51 and its 200 day simple moving average is $5.41.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Tuesday, July 28th. The savings and loans company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $15.01 million during the quarter, compared to analyst estimates of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.06%. As a group, research analysts anticipate that Riverview Bancorp Inc will post 0.32 EPS for the current year.

Riverview Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Thursday, July 9th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.08 annualized dividend and a yield of 1.5%. Riverview Bancorp’s dividend payout ratio (DPR) is -38.10%.

Institutional Investors Weigh In On Riverview Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in RVSB. Intech Investment Management LLC bought a new position in Riverview Bancorp in the 3rd quarter worth about $55,000. JPMorgan Chase & Co. purchased a new position in shares of Riverview Bancorp during the second quarter worth about $53,000. Raymond James Financial Inc. bought a new position in shares of Riverview Bancorp in the second quarter worth approximately $34,000. BNP Paribas Financial Markets raised its stake in Riverview Bancorp by 122.9% in the third quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock valued at $34,000 after purchasing an additional 3,524 shares in the last quarter. Finally, Bank of America Corp DE lifted its position 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 purchasing an additional 13,070 shares during the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RVSB. Wall Street Zen upgraded Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

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.