Riverview Bancorp Inc. (RVSB) Stock Price Down 2.6%
Riverview Bancorp Inc. (NASDAQ:RVSB) was down 2.6% on Thursday . The stock traded as low as $5.25 and last traded at $5.27, with a volume of 60,581 shares trading hands. The stock had previously closed at $5.41.
Several equities research analysts have weighed in on RVSB shares. Zacks Investment Research upgraded shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. TheStreet raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd.
The stock’s 50-day moving average is $4.91 and its 200 day moving average is $4.61. The firm has a market cap of $116.38 million and a P/E ratio of 17.99.
Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Tuesday, July 26th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.01. On average, equities research analysts expect that Riverview Bancorp Inc. will post $0.30 earnings per share for the current fiscal year.
In related news, Director David Nierenberg bought 14,328 shares of Riverview Bancorp stock in a transaction that occurred on Friday, June 10th. The shares were acquired at an average cost of $4.65 per share, for a total transaction of $66,625.20. Following the completion of the acquisition, the director now directly owns 58,056 shares of the company’s stock, valued at approximately $269,960.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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.
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