Riverview Bancorp, Inc. (NASDAQ:RVSB – Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.31 and traded as high as $5.87. Riverview Bancorp shares last traded at $5.62, with a volume of 24,376 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on RVSB shares. StockNews.com started coverage on shares of Riverview Bancorp in a research note on Thursday, October 5th. They issued a “hold” rating for the company. TheStreet raised shares of Riverview Bancorp from a “c+” rating to a “b-” rating in a research note on Thursday, August 10th.
Riverview Bancorp Trading Up 2.4 %
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last posted its earnings results on Tuesday, October 31st. The savings and loans company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $17.44 million during the quarter, compared to the consensus estimate of $13.50 million. Riverview Bancorp had a net margin of 19.62% and a return on equity of 8.80%. As a group, analysts forecast that Riverview Bancorp, Inc. will post 0.42 earnings per share for the current fiscal year.
Riverview Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, October 23rd. Stockholders of record on Thursday, October 12th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Wednesday, October 11th. Riverview Bancorp’s payout ratio is presently 38.10%.
Insider Transactions at Riverview Bancorp
In other Riverview Bancorp news, Director Valerie Moreno bought 10,150 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was bought at an average cost of $5.89 per share, with a total value of $59,783.50. Following the completion of the transaction, the director now directly owns 10,150 shares in the company, valued at approximately $59,783.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Riverview Bancorp
A number of institutional investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. grew its position in Riverview Bancorp by 33.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 8,029 shares of the savings and loans company’s stock worth $60,000 after purchasing an additional 2,014 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. grew its position in Riverview Bancorp by 0.6% in the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 520,242 shares of the savings and loans company’s stock worth $3,995,000 after purchasing an additional 3,306 shares in the last quarter. State Street Corp grew its position in Riverview Bancorp by 3.5% in the 2nd quarter. State Street Corp now owns 109,683 shares of the savings and loans company’s stock worth $722,000 after purchasing an additional 3,700 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Riverview Bancorp by 41.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 19,795 shares of the savings and loans company’s stock worth $106,000 after purchasing an additional 5,820 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Riverview Bancorp by 53.0% in the second quarter. Millennium Management LLC now owns 21,425 shares of the savings and loans company’s stock valued at $141,000 after acquiring an additional 7,420 shares during the last quarter. 63.16% of the stock is owned by institutional investors.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.
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