Riverview Bancorp, Inc. (NASDAQ:RVSB) Director Gerald Lee Nies purchased 10,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average price of $7.58 per share, for a total transaction of $75,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Riverview Bancorp stock opened at $7.35 on Friday. The firm has a market capitalization of $167.46 million, a P/E ratio of 9.83 and a beta of 0.55. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $8.03 and a 200 day moving average price of $7.80. Riverview Bancorp, Inc. has a 52 week low of $5.46 and a 52 week high of $9.99.
Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Tuesday, July 23rd. The savings and loans company reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The firm had revenue of $14.61 million during the quarter, compared to analyst estimates of $14.60 million. Riverview Bancorp had a net margin of 27.67% and a return on equity of 13.03%. As a group, research analysts anticipate that Riverview Bancorp, Inc. will post 0.75 earnings per share for the current fiscal year.
RVSB has been the topic of a number of recent analyst reports. ValuEngine cut shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd.
Institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Riverview Bancorp in the 1st quarter valued at approximately $76,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Riverview Bancorp in the 2nd quarter valued at approximately $160,000. LSV Asset Management purchased a new position in shares of Riverview Bancorp in the 1st quarter valued at approximately $428,000. Dimensional Fund Advisors LP raised its position in shares of Riverview Bancorp by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,692,210 shares of the savings and loans company’s stock valued at $12,319,000 after purchasing an additional 37,445 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Riverview Bancorp by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 152,457 shares of the savings and loans company’s stock valued at $1,109,000 after purchasing an additional 3,718 shares during the last quarter. 61.95% of the stock is owned by hedge funds and other institutional investors.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and 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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