Nicole Sherman Acquires 1,765 Shares of Riverview Bancorp (NASDAQ:RVSB) Stock

Riverview Bancorp Inc (NASDAQ:RVSB) CEO Nicole Sherman acquired 1,765 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were acquired at an average cost of $5.69 per share, for a total transaction of $10,042.85. Following the purchase, the chief executive officer directly owned 166,482 shares in the company, valued at $947,282.58. This trade represents a 1.07% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Riverview Bancorp Stock Up 2.4%

NASDAQ:RVSB opened at $5.92 on Friday. Riverview Bancorp Inc has a 1 year low of $4.88 and a 1 year high of $6.22. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The stock has a market cap of $118.10 million, a price-to-earnings ratio of -31.16 and a beta of 0.48. The stock has a 50-day moving average price of $5.31 and a two-hundred day moving average price of $5.42.

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

Riverview Bancorp Dividend Announcement

The firm also recently announced 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. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 9th. Riverview Bancorp’s dividend payout ratio is presently -42.11%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RVSB. 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 research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Hedge Funds Weigh In On Riverview Bancorp

A number of large investors have recently bought and sold shares of RVSB. Nierenberg Investment Management Company LLC acquired a new stake in shares of Riverview Bancorp in the second quarter valued at about $11,037,968. BlackRock Inc. acquired a new position in Riverview Bancorp during the second quarter valued at approximately $7,042,000. The Manufacturers Life Insurance Company acquired a new position in Riverview Bancorp during the second quarter valued at approximately $5,767,000. Empowered Funds LLC bought a new position in Riverview Bancorp in the second quarter valued at approximately $697,000. Finally, Susquehanna International Group LLP bought a new position in shares of Riverview Bancorp in the second quarter valued at $661,000. Institutional investors and hedge funds own 69.60% of the company’s stock.

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.