Riverview Bancorp (NASDAQ:RVSB) Major Shareholder Nierenberg Investment Manageme Sells 5,000 Shares of Stock

Riverview Bancorp Inc (NASDAQ:RVSB) major shareholder Nierenberg Investment Manageme sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $5.25, for a total value of $26,250.00. Following the sale, the insider directly owned 89,388 shares of the company’s stock, valued at approximately $469,287. This represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Riverview Bancorp Stock Performance

Shares of NASDAQ RVSB opened at $5.37 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $108.26 million, a price-to-earnings ratio of -25.57 and a beta of 0.48. The stock’s fifty day simple moving average is $5.51 and its 200 day simple moving average is $5.41. Riverview Bancorp Inc has a 52-week low of $4.74 and a 52-week high of $6.22.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Tuesday, July 28th. The savings and loans company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Riverview Bancorp had a positive return on equity of 2.74% and a negative net margin of 6.70%.The business had revenue of $15.01 million during the quarter, compared to the consensus estimate of $14.80 million. As a group, sell-side analysts forecast that Riverview Bancorp Inc will post 0.32 earnings per share for the current fiscal year.

Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Thursday, July 9th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. Riverview Bancorp’s dividend payout ratio (DPR) is currently -38.10%.

Institutional Trading of Riverview Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its position in Riverview Bancorp by 4.0% during the fourth quarter. Barclays PLC now owns 86,231 shares of the savings and loans company’s stock valued at $433,000 after purchasing an additional 3,325 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Riverview Bancorp by 122.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock valued at $34,000 after buying an additional 3,524 shares during the period. American Century Companies Inc. lifted its position in Riverview Bancorp by 3.8% in the 2nd quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company’s stock worth $636,000 after buying an additional 4,206 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Riverview Bancorp by 4.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 122,631 shares of the savings and loans company’s stock worth $616,000 after acquiring an additional 5,359 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Riverview Bancorp by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 471,324 shares of the savings and loans company’s stock worth $2,366,000 after acquiring an additional 5,793 shares during the last quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on RVSB shares. Wall Street Zen raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings downgraded shares of Riverview Bancorp from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

About Riverview Bancorp

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.