Bessie Ross Wills Acquires 2,000 Shares of Riverview Bancorp (NASDAQ:RVSB) Stock

Key Points

• Director Bessie Ross Wills purchased 2,000 Riverview Bancorp shares at an average price of $5.58, investing $11,160 and increasing her direct ownership to 50,000 shares.
• RVSB recently traded at $5.71, within its $4.88–$6.22 52-week range. The company exceeded quarterly expectations with earnings of $0.08 per share and revenue of $15.01 million.
• Analyst sentiment remains cautious, with one Hold and one Sell rating producing a consensus “Reduce” rating; institutional investors own approximately 69.6% of the stock.

Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) Director Bessie Wills bought 2,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was purchased at an average price of $5.58 per share, for a total transaction of $11,160.00. Following the completion of the purchase, the director directly owned 50,000 shares in the company, valued at approximately $279,000. This represents a 4.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Riverview Bancorp Price Performance

Shares of RVSB traded up $0.09 during mid-day trading on Thursday, reaching $5.71. 41,001 shares of the stock traded hands, compared to its average volume of 68,008. The firm has a fifty day moving average price of $5.29 and a 200 day moving average price of $5.41. The company has a market cap of $113.91 million, a price-to-earnings ratio of -30.05 and a beta of 0.48. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. Riverview Bancorp Inc has a 1 year low of $4.88 and a 1 year high of $6.22.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $15.01 million for the quarter, compared to the consensus estimate of $14.80 million. Riverview Bancorp had a positive return on equity of 3.12% and a negative net margin of 5.87%. As a group, equities research analysts predict that Riverview Bancorp Inc will post 0.28 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Thursday, July 9th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, July 9th. Riverview Bancorp's dividend payout ratio is currently -42.11%.

Analysts Set New Price Targets

RVSB has been the subject of a number of research analyst reports. Weiss Ratings upgraded Riverview Bancorp from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 25th. Wall Street Zen raised shares of Riverview Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Riverview Bancorp presently has a consensus rating of "Reduce".

Institutional Trading of Riverview Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nierenberg Investment Management Company LLC purchased a new stake in Riverview Bancorp during the second quarter valued at about $11,037,968. BlackRock Inc. purchased a new position in shares of Riverview Bancorp in the second quarter worth about $7,042,000. The Manufacturers Life Insurance Company bought a new stake in shares of Riverview Bancorp in the 2nd quarter valued at about $5,767,000. Empowered Funds LLC bought a new stake in shares of Riverview Bancorp in the 2nd quarter valued at about $697,000. Finally, Susquehanna International Group LLP purchased a new stake in Riverview Bancorp during the 2nd quarter valued at about $661,000. Hedge funds and other institutional investors own 69.60% of the company's stock.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc is a bank holding company headquartered in Vancouver, Washington. Its principal subsidiary, Riverview Community Bank, provides banking services to individuals, families, businesses and public-sector organizations in Southwest Washington and Oregon.

Riverview Community Bank offers deposit products, commercial and residential real estate loans, construction and land development financing, commercial business loans, consumer lending and residential mortgage services.

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