Riverview Bancorp (NASDAQ:RVSB) Director Gerald Lee Nies Sells 25,169 Shares of Company Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Gerald Lee Nies sold 25,169 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $6.13, for a total value of $154,285.97. Following the completion of the sale, the director directly owned 165,523 shares of the company’s stock, valued at approximately $1,014,655.99. This trade represents a 13.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Gerald Lee Nies also recently made the following trade(s):

• On Wednesday, November 4th, Gerald Lee Nies sold 18,001 shares of Riverview Bancorp stock. The shares were sold at an average price of $6.15, for a total transaction of $110,706.15.

Riverview Bancorp Trading Down 0.2%

NASDAQ:RVSB traded down $0.01 on Thursday, reaching $6.12. The company’s stock had a trading volume of 60,497 shares, compared to its average volume of 69,666. Riverview Bancorp Inc has a 1-year low of $4.88 and a 1-year high of $6.22. The business’s 50-day moving average price is $5.78 and its two-hundred day moving average price is $5.49. The firm has a market cap of $122.11 million, a PE ratio of -43.71 and a beta of 0.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Tuesday, October 27th. The savings and loans company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $15.45 million for the quarter, compared to analyst estimates of $15.10 million. Riverview Bancorp had a negative net margin of 4.46% and a positive return on equity of 3.76%. Equities research analysts anticipate that Riverview Bancorp Inc will post 0.35 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Friday, October 9th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.08 dividend on an annualized basis and a yield of 1.3%. Riverview Bancorp’s dividend payout ratio is -57.14%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Raymond James Financial upgraded shares of Riverview Bancorp to a “moderate buy” rating in a research note on Monday, October 12th. Weiss Ratings upgraded Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Finally, Wall Street Zen raised Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Nierenberg Investment Management Company LLC bought a new stake in shares of Riverview Bancorp during the second quarter worth approximately $11,037,968. BlackRock Inc. bought a new position in shares of Riverview Bancorp during the second quarter worth approximately $7,042,000. The Manufacturers Life Insurance Company bought a new position in shares of Riverview Bancorp during the second quarter worth approximately $5,767,000. Empowered Funds LLC acquired a new stake in Riverview Bancorp during the 2nd quarter worth approximately $697,000. Finally, Susquehanna International Group LLP acquired a new stake in Riverview Bancorp during the 2nd quarter worth approximately $661,000. 69.60% of the stock is owned by institutional investors.

About Riverview Bancorp

Riverview Bancorp, Inc is the holding company for Riverview Community Bank, a community-focused financial institution headquartered in Vancouver, Washington. The bank provides deposit products, residential and commercial real estate loans, commercial and industrial lending, construction financing, consumer loans, and other banking services for individuals, families, businesses, and nonprofit organizations.

Riverview Community Bank serves customers in southwestern Washington and the Portland metropolitan area of Oregon through its branch network and digital banking services.