Riverview Bancorp (NASDAQ:RVSB) CEO Nicole Sherman Buys 1,765 Shares of Stock

Key Points

• CEO Nicole Sherman purchased 1,765 Riverview Bancorp shares at an average price of $5.69, investing approximately $10,043 and increasing her direct ownership by 1.07% to 166,482 shares.
• RVSB shares rose 2.8% to $5.78, while the company’s latest quarterly results exceeded expectations with earnings of $0.08 per share versus the $0.07 consensus and revenue of $15.01 million.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating; the company also pays a quarterly dividend of $0.02 per share, equivalent to a 1.4% annual yield.

Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) CEO Nicole Sherman purchased 1,765 shares of the business's stock in a transaction on Thursday, September 17th. The shares were bought at an average price of $5.69 per share, with a total value of $10,042.85. Following the purchase, the chief executive officer directly owned 166,482 shares in the company, valued at approximately $947,282.58. The trade was a 1.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Riverview Bancorp Stock Up 2.8%

RVSB traded up $0.16 during midday trading on Thursday, reaching $5.78. 66,094 shares of the company were exchanged, compared to its average volume of 68,158. The company has a market cap of $115.33 million, a price-to-earnings ratio of -30.42 and a beta of 0.48. Riverview Bancorp Inc has a one year low of $4.88 and a one year high of $6.22. The company's fifty day moving average price is $5.29 and its 200 day moving average price is $5.41. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last posted its earnings results on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $15.01 million for the quarter, compared to analyst estimates 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, analysts expect that Riverview Bancorp Inc will post 0.28 EPS for the current year.

Riverview Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Thursday, July 9th were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, July 9th. This represents a $0.08 annualized dividend and a yield of 1.4%. Riverview Bancorp's dividend payout ratio (DPR) is -42.11%.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

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

About Riverview Bancorp

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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