Riverview Bancorp (NASDAQ:RVSB) Director Jon Louis Girod Acquires 2,000 Shares of Company Stock

Key Points

• Director Jon Girod purchased 2,000 Riverview Bancorp shares at $6.04 each, investing $12,080 and increasing his direct ownership by 66.67% to 5,000 shares.
• RVSB shares rose 1.2% to $6.08, near the company’s 52-week high of $6.22. The stock has a market capitalization of approximately $121.3 million.
• Riverview Bancorp exceeded quarterly expectations, reporting $0.10 in EPS versus the $0.07 consensus and $15.45 million in revenue; analysts’ overall rating remains Hold.

Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) Director Jon Girod acquired 2,000 shares of the stock in a transaction on Friday, October 30th. The stock was bought at an average price of $6.04 per share, with a total value of $12,080.00. Following the transaction, the director directly owned 5,000 shares of the company's stock, valued at approximately $30,200. The trade was a 66.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Riverview Bancorp Trading Up 1.2%

Shares of NASDAQ:RVSB traded up $0.07 during trading on Monday, reaching $6.08. 87,389 shares of the company traded hands, compared to its average volume of 69,465. 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 52-week low of $4.88 and a 52-week high of $6.22. The firm has a market capitalization of $121.31 million, a price-to-earnings ratio of -43.43 and a beta of 0.47. The business's fifty day moving average is $5.73 and its 200-day moving average is $5.48.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last issued its earnings results on Tuesday, October 27th. The savings and loans company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. Riverview Bancorp had a negative net margin of 4.46% and a positive return on equity of 3.76%. The company had revenue of $15.45 million for the quarter, compared to the consensus estimate of $15.10 million. As a group, analysts forecast that Riverview Bancorp Inc will post 0.35 EPS for the current year.

Riverview Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Friday, October 9th were given a $0.02 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.3%. Riverview Bancorp's payout ratio is presently -57.14%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Riverview Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 22nd. Raymond James Financial upgraded Riverview Bancorp to a "moderate buy" rating in a research report on Monday, October 12th. Finally, Weiss Ratings raised Riverview Bancorp from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold".

Institutional Investors Weigh In On Riverview Bancorp

Several institutional investors and hedge funds have recently modified their holdings of RVSB. Bank of New York Mellon Corp purchased a new position in shares of Riverview Bancorp during the second quarter valued at about $59,000. Engineers Gate Manager LP purchased a new stake in Riverview Bancorp in the second quarter worth about $61,000. Bank of America Corp DE lifted its holdings in Riverview Bancorp by 11.0% in the first quarter. Bank of America Corp DE now owns 131,533 shares of the savings and loans company's stock worth $723,000 after buying an additional 13,070 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Riverview Bancorp by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company's stock worth $7,349,000 after buying an additional 15,745 shares during the period. Finally, Hsbc Holdings PLC boosted its position in Riverview Bancorp by 124.9% during the 1st quarter. Hsbc Holdings PLC now owns 36,101 shares of the savings and loans company's stock valued at $201,000 after acquiring an additional 20,052 shares in the last quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.

About Riverview Bancorp

Riverview Bancorp, Inc is the holding company for Riverview Community Bank, a community-focused financial institution headquartered in Vancouver, Washington. The bank provides deposit products, residential and commercial real estate loans, commercial and industrial lending, construction financing, consumer loans, and other banking services for individuals, families, businesses, and nonprofit organizations.

Riverview Community Bank serves customers in southwestern Washington and the Portland metropolitan area of Oregon through its branch network and digital banking services.

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