Riverview Bancorp, Inc. (NASDAQ:RVSB) Director Purchases $15,760.00 in Stock

Riverview Bancorp, Inc. (NASDAQ:RVSB) Director Bessie Ross Wills bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average price of $3.94 per share, for a total transaction of $15,760.00. Following the acquisition, the director now directly owns 45,000 shares in the company, valued at $177,300. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Riverview Bancorp Trading Up 6.9 %

Shares of RVSB stock opened at $4.20 on Friday. The firm has a market capitalization of $88.66 million, a P/E ratio of 23.33 and a beta of 0.75. Riverview Bancorp, Inc. has a 1 year low of $3.37 and a 1 year high of $6.57. The firm’s fifty day simple moving average is $4.54 and its 200 day simple moving average is $5.33. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.18.

Riverview Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Thursday, April 11th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 5.71%. Riverview Bancorp’s payout ratio is 133.34%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Riverview Bancorp stock. Mendon Capital Advisors Corp purchased a new stake in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,743 shares of the savings and loans company’s stock, valued at approximately $216,000. Mendon Capital Advisors Corp owned 0.16% of Riverview Bancorp as of its most recent SEC filing. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RVSB shares. TheStreet lowered Riverview Bancorp from a “b-” rating to a “c+” rating in a research note on Friday, February 23rd. StockNews.com initiated coverage on Riverview Bancorp in a research report on Friday. They issued a “hold” rating on the stock.

About Riverview Bancorp

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.