Riverview Bancorp Inc. (RVSB) Shares Down 2.6%
Riverview Bancorp Inc. (NASDAQ:RVSB)’s share price dropped 2.6% during trading 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.
RVSB has been the subject of several research reports. 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 upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, May 2nd.
The company’s 50-day moving average is $4.92 and its 200-day moving average is $4.61. The firm has a market capitalization of $116.60 million and a price-to-earnings ratio of 18.02.
Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Tuesday, July 26th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. Equities research analysts forecast that Riverview Bancorp Inc. will post $0.30 EPS for the current fiscal year.
In other news, Director David Nierenberg purchased 14,328 shares of the stock in a transaction dated Friday, June 10th. The shares were purchased at an average price of $4.65 per share, with a total value of $66,625.20. Following the transaction, the director now owns 58,056 shares in the company, valued at approximately $269,960.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
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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