Riverview Bancorp, Inc. (NASDAQ:RVSB) EVP Buys $23,100.00 in Stock

Riverview Bancorp, Inc. (NASDAQ:RVSB) EVP Robert Benke acquired 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of $4.62 per share, with a total value of $23,100.00. Following the completion of the acquisition, the executive vice president now owns 25,590 shares of the company’s stock, valued at $118,225.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Riverview Bancorp Stock Performance

Shares of NASDAQ RVSB opened at $4.57 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $4.05 and a 200-day simple moving average of $4.45. The company has a market cap of $96.47 million, a PE ratio of 25.39 and a beta of 0.80. Riverview Bancorp, Inc. has a 12-month low of $3.30 and a 12-month high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $17.77 million for the quarter, compared to analyst estimates of $12.20 million. Riverview Bancorp had a return on equity of 3.70% and a net margin of 2.86%. On average, equities research analysts forecast that Riverview Bancorp, Inc. will post 0.16 EPS for the current year.

Riverview Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Wednesday, July 10th were given a $0.02 dividend. The ex-dividend date was Wednesday, July 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.75%. Riverview Bancorp’s dividend payout ratio (DPR) is 44.45%.

Institutional Investors Weigh In On Riverview Bancorp

A number of institutional investors have recently added to or reduced their stakes in RVSB. Empowered Funds LLC lifted its position in shares of Riverview Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock valued at $374,000 after acquiring an additional 5,950 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Riverview Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock valued at $4,261,000 after acquiring an additional 6,615 shares during the last quarter. Finally, Mendon Capital Advisors Corp acquired a new stake in shares of Riverview Bancorp during the 4th quarter valued at $216,000. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Riverview Bancorp in a report on Tuesday, July 30th. They set a “hold” rating for the company.

Riverview Bancorp Company Profile

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.