Riverview Bancorp (NASDAQ:RVSB) Stock: Insider Jon Louis Girod Acquires 2,000 Shares

Riverview Bancorp Inc (NASDAQ:RVSB) Director Jon Girod purchased 2,000 shares of the stock in a transaction on Friday, October 30th. The stock was acquired at an average cost of $6.04 per share, for a total transaction of $12,080.00. Following the acquisition, the director owned 5,000 shares in the company, valued at approximately $30,200. This represents a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Riverview Bancorp Stock Up 0.2%

RVSB opened at $6.09 on Wednesday. The business’s fifty day simple moving average is $5.76 and its 200 day simple moving average is $5.49. Riverview Bancorp Inc has a 52 week low of $4.88 and a 52 week high of $6.22. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. The stock has a market cap of $121.50 million, a PE ratio of 21.71 and a beta of 0.47.

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

Riverview Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Friday, October 9th were issued a $0.02 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.08 annualized dividend and a dividend yield of 1.3%. Riverview Bancorp’s payout ratio is currently -57.14%.

Institutional Trading of Riverview Bancorp

Several hedge funds have recently bought and sold shares of RVSB. Bank of New York Mellon Corp bought a new stake in Riverview Bancorp during the 2nd quarter worth approximately $59,000. Engineers Gate Manager LP bought a new stake in Riverview Bancorp in the 2nd quarter worth approximately $61,000. Squarepoint Ops LLC bought a new stake in Riverview Bancorp in the second quarter worth $195,000. Hsbc Holdings PLC raised its position in shares of Riverview Bancorp by 124.9% during the 1st quarter. Hsbc Holdings PLC now owns 36,101 shares of the savings and loans company’s stock valued at $201,000 after buying an additional 20,052 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in Riverview Bancorp in the second quarter worth $529,000. Institutional investors own 69.60% of the company’s stock.

Analysts Set New Price Targets

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

Riverview Bancorp Company Profile

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.