Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report) CEO Nicole Sherman purchased 2,500 shares of the business's stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $4.82 per share, with a total value of $12,050.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,500 shares in the company, valued at approximately $12,050. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Riverview Bancorp Price Performance
RVSB opened at $4.65 on Thursday. The stock has a market capitalization of $98.17 million, a PE ratio of 25.83 and a beta of 0.77. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86. The company's 50 day simple moving average is $4.50 and its 200 day simple moving average is $4.32. Riverview Bancorp, Inc. has a 1 year low of $3.30 and a 1 year high of $6.57.
Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last announced its earnings results on Thursday, July 25th. The savings and loans company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $17.77 million for the quarter, compared to analysts' expectations of $12.20 million. Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. As a group, sell-side analysts expect that Riverview Bancorp, Inc. will post 0.16 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Wednesday, July 10th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, July 10th. Riverview Bancorp's dividend payout ratio is currently 44.44%.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on Riverview Bancorp in a research note on Monday. They issued a "hold" rating for the company.
View Our Latest Stock Analysis on RVSB
Hedge Funds Weigh In On Riverview Bancorp
A hedge fund recently raised its stake in Riverview Bancorp stock. Empowered Funds LLC lifted its stake in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB - Free Report) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,206 shares of the savings and loans company's stock after purchasing an additional 5,950 shares during the quarter. Empowered Funds LLC owned about 0.38% of Riverview Bancorp worth $374,000 as of its most recent filing with the Securities and Exchange Commission. 69.60% of the stock is owned by institutional investors.
Riverview Bancorp Company Profile
(
Get Free Report)
Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.
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