Riverview Bancorp Inc. (RVSB) Sees Large Volume Increase
Shares of Riverview Bancorp Inc. (NASDAQ:RVSB) saw an uptick in trading volume on Wednesday . 302,559 shares traded hands during mid-day trading, an increase of 150% from the previous session’s volume of 120,999 shares.The stock last traded at $4.87 and had previously closed at $4.87.
Several research firms have weighed in on RVSB. TheStreet raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. Zacks Investment Research raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th.
The company has a 50-day moving average of $4.80 and a 200 day moving average of $4.56. The firm has a market cap of $108.07 million and a P/E ratio of 16.70.
Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.01. Equities analysts predict that Riverview Bancorp Inc. will post $0.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 25th. Shareholders of record on Tuesday, July 12th were given a dividend of $0.02 per share. The ex-dividend date was Friday, July 8th. This represents a $0.08 annualized dividend and a yield of 1.66%.
In related news, Director David Nierenberg bought 26,256 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was purchased at an average cost of $4.67 per share, with a total value of $122,615.52. Following the transaction, the director now owns 18,200 shares in the company, valued at approximately $84,994. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gerald Lee Nies bought 5,841 shares of the company’s stock in a transaction dated Tuesday, May 17th. The stock was bought at an average cost of $4.58 per share, with a total value of $26,751.78. The disclosure for this purchase can be found here.
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Bank is engaged primarily in the business of attracting deposits from the general public and using such funds, together with other borrowings, to invest in various commercial business, commercial real estate, multi-family real estate, real estate construction, residential real estate and consumer loans.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.