Riverview Bancorp (NASDAQ:RVSB) CEO Nicole Sherman Acquires 1,765 Shares of Stock

Riverview Bancorp Inc (NASDAQ:RVSB) CEO Nicole Sherman bought 1,765 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was purchased at an average cost of $5.69 per share, for a total transaction of $10,042.85. Following the completion of the transaction, the chief executive officer owned 166,482 shares in the company, valued at approximately $947,282.58. The trade was a 1.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Riverview Bancorp Stock Performance

Shares of RVSB opened at $5.78 on Friday. Riverview Bancorp Inc has a 12 month low of $4.88 and a 12 month high of $6.22. The company’s fifty day moving average is $5.30 and its 200-day moving average is $5.42. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. The firm has a market cap of $115.31 million, a price-to-earnings ratio of -30.42 and a beta of 0.48.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. Riverview Bancorp had a positive return on equity of 3.12% and a negative net margin of 5.87%.The company had revenue of $15.01 million during the quarter, compared to the consensus estimate of $14.80 million. Equities analysts expect that Riverview Bancorp Inc will post 0.28 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Thursday, July 9th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 9th. Riverview Bancorp’s payout ratio is currently -42.11%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RVSB. Legato Capital Management LLC grew its stake in shares of Riverview Bancorp by 9.6% in the 4th quarter. Legato Capital Management LLC now owns 123,904 shares of the savings and loans company’s stock valued at $622,000 after purchasing an additional 10,860 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Riverview Bancorp during the second quarter worth approximately $59,000. Engineers Gate Manager LP bought a new stake in Riverview Bancorp during the 2nd quarter worth approximately $61,000. Bank of America Corp DE boosted its stake in Riverview Bancorp by 11.0% in the first quarter. Bank of America Corp DE now owns 131,533 shares of the savings and loans company’s stock worth $723,000 after purchasing an additional 13,070 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Riverview Bancorp by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock valued at $7,349,000 after buying an additional 15,745 shares in the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on RVSB shares. Wall Street Zen raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings raised shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Riverview Bancorp has a consensus rating of “Reduce”.

About Riverview Bancorp

Riverview Bancorp, Inc is a bank holding company headquartered in Vancouver, Washington. Its principal subsidiary, Riverview Community Bank, provides banking services to individuals, families, businesses and public-sector organizations in Southwest Washington and Oregon.

Riverview Community Bank offers deposit products, commercial and residential real estate loans, construction and land development financing, commercial business loans, consumer lending and residential mortgage services.