Riverview Bancorp, Inc. (NASDAQ:RVSB – Get Free Report) EVP Robert Benke bought 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of $4.62 per share, with a total value of $23,100.00. Following the purchase, the executive vice president now directly 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 at the SEC website.
Riverview Bancorp Price Performance
Riverview Bancorp stock opened at $4.57 on Monday. Riverview Bancorp, Inc. has a fifty-two week low of $3.30 and a fifty-two week high of $6.57. The stock has a market cap of $96.47 million, a PE ratio of 25.39 and a beta of 0.80. The firm’s 50-day simple moving average is $4.05 and its 200 day simple moving average is $4.45. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.83 and a current ratio of 0.83.
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Riverview Bancorp had a return on equity of 3.70% and a net margin of 2.86%. The firm had revenue of $17.77 million for the quarter, compared to analysts’ expectations of $12.20 million. Research analysts predict that Riverview Bancorp, Inc. will post 0.16 EPS for the current fiscal year.
Riverview Bancorp Cuts Dividend
Institutional Trading of Riverview Bancorp
Several hedge funds have recently added to or reduced their stakes in the stock. Mendon Capital Advisors Corp bought a new stake in shares of Riverview Bancorp in the fourth quarter valued at approximately $216,000. Empowered Funds LLC raised its position in shares of Riverview Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock valued at $374,000 after purchasing an additional 5,950 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Riverview Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock valued at $4,261,000 after purchasing an additional 6,615 shares during the period. Institutional investors own 69.60% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Riverview Bancorp in a report on Tuesday, July 30th. They issued a “hold” rating for the company.
Get Our Latest Research Report on Riverview Bancorp
About Riverview Bancorp
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.
Featured Articles
- Five stocks we like better than Riverview Bancorp
- Financial Services Stocks Investing
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- CD Calculator: Certificate of Deposit Calculator
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Riverview Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.