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

Riverview Bancorp, Inc. (NASDAQ:RVSB) 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) 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

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

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.

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.