Riverview Bancorp (NASDAQ:RVSB) Director Purchases $16,170.00 in Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Bessie Ross Wills bought 3,000 shares of Riverview Bancorp stock in a transaction dated Wednesday, February 18th. The shares were acquired at an average price of $5.39 per share, with a total value of $16,170.00. Following the completion of the purchase, the director directly owned 48,000 shares in the company, valued at $258,720. This trade represents a 6.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Riverview Bancorp Stock Up 1.3%

RVSB opened at $5.42 on Monday. Riverview Bancorp Inc has a 1-year low of $4.74 and a 1-year high of $6.59. The stock’s fifty day simple moving average is $5.23 and its 200 day simple moving average is $5.18. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.55. The stock has a market cap of $112.25 million, a PE ratio of 23.57 and a beta of 0.62.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Thursday, January 29th. The savings and loans company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $14.05 million during the quarter, compared to analysts’ expectations of $13.70 million. Riverview Bancorp had a net margin of 6.41% and a return on equity of 2.99%. As a group, research analysts expect that Riverview Bancorp Inc will post 0.2 earnings per share for the current year.

Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, January 5th were paid a $0.02 dividend. The ex-dividend date was Monday, January 5th. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. Riverview Bancorp’s dividend payout ratio is 34.78%.

Riverview Bancorp declared that its board has authorized a stock buyback plan on Wednesday, January 28th that authorizes the company to repurchase $4.00 million in outstanding shares. This repurchase authorization authorizes the savings and loans company to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Riverview Bancorp

A number of large investors have recently added to or reduced their stakes in RVSB. Barclays PLC raised its holdings in Riverview Bancorp by 4.0% in the 4th quarter. Barclays PLC now owns 86,231 shares of the savings and loans company’s stock valued at $433,000 after acquiring an additional 3,325 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Riverview Bancorp by 122.9% in the third quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 3,524 shares during the period. American Century Companies Inc. raised its stake in Riverview Bancorp by 3.8% in the second quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company’s stock valued at $636,000 after purchasing an additional 4,206 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Riverview Bancorp by 4.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 122,631 shares of the savings and loans company’s stock worth $616,000 after purchasing an additional 5,359 shares during the period. Finally, CWM LLC acquired a new stake in Riverview Bancorp during the third quarter worth about $30,000. Institutional investors and hedge funds own 69.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RVSB shares. Wall Street Zen downgraded Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Riverview Bancorp in a report on Thursday, January 22nd. Finally, Zacks Research raised Riverview Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Riverview Bancorp presently has a consensus rating of “Hold” and a consensus target price of $7.00.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.