Riverview Bancorp (NASDAQ:RVSB) Director Gerald Lee Nies Sells 25,169 Shares of Company Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Gerald Lee Nies sold 25,169 shares of Riverview Bancorp stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $6.13, for a total value of $154,285.97. Following the sale, the director directly owned 165,523 shares of the company’s stock, valued at $1,014,655.99. This represents a 13.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Gerald Lee Nies also recently made the following trade(s):

• On Wednesday, November 4th, Gerald Lee Nies sold 18,001 shares of Riverview Bancorp stock. The shares were sold at an average price of $6.15, for a total value of $110,706.15.

Riverview Bancorp Stock Performance

Shares of RVSB opened at $6.12 on Friday. Riverview Bancorp Inc has a 12-month low of $4.88 and a 12-month high of $6.22. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The company has a market cap of $122.09 million, a PE ratio of 21.89 and a beta of 0.47. The stock has a 50-day moving average price of $5.80 and a 200-day moving average price of $5.50.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results 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. Riverview Bancorp had a negative net margin of 4.46% and a positive return on equity of 3.76%. The business had revenue of $15.45 million for the quarter, compared to the consensus estimate of $15.10 million. As a group, equities analysts forecast 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 given a dividend of $0.02 per share. 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 dividend payout ratio (DPR) is -57.14%.

Analysts Set New Price Targets

Several brokerages have recently commented on RVSB. Weiss Ratings upgraded Riverview Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Raymond James Financial raised Riverview Bancorp to a “moderate buy” rating in a report on Monday, October 12th. Finally, Wall Street Zen upgraded Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Riverview Bancorp currently has an average rating of “Hold”.

Hedge Funds Weigh In On Riverview Bancorp

A number of large investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP bought a new position in shares of Riverview Bancorp during the second quarter valued at about $61,000. Squarepoint Ops LLC bought a new stake in shares of Riverview Bancorp in the 2nd quarter valued at about $195,000. Ancora Advisors LLC lifted its stake in shares of Riverview Bancorp by 371.9% in the 2nd quarter. Ancora Advisors LLC now owns 97,424 shares of the savings and loans company’s stock valued at $529,000 after acquiring an additional 76,777 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of Riverview Bancorp in the 2nd quarter valued at about $661,000. Finally, Empowered Funds LLC purchased a new stake in Riverview Bancorp during the 2nd quarter valued at about $697,000. Hedge funds and other institutional investors own 69.60% of the company’s stock.

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.