Riverview Bancorp (NASDAQ:RVSB) Director Sells $110,706.15 in Stock

Key Points

• Director Gerald Lee Nies sold 18,001 Riverview Bancorp shares for $110,706 at an average $6.15, reducing his stake by 10.88% to 147,522 shares. He also sold 25,169 shares the previous day for about $154,286.
• Riverview Bancorp reported quarterly earnings of $0.10 per share, beating the $0.07 analyst consensus, and revenue of $15.45 million, above estimates of $15.10 million.
• Analyst opinions are mixed, with one Buy, one Hold, and one Sell rating; MarketBeat’s average rating is Hold.

Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) Director Gerald Lee Nies sold 18,001 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $6.15, for a total value of $110,706.15. Following the completion of the sale, the director owned 147,522 shares in the company, valued at approximately $907,260.30. This represents a 10.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Gerald Lee Nies also recently made the following trade(s):

• On Tuesday, November 3rd, Gerald Lee Nies sold 25,169 shares of Riverview Bancorp stock. The shares were sold at an average price of $6.13, for a total value of $154,285.97.

Riverview Bancorp Price Performance

Shares of Riverview Bancorp stock traded down $0.01 on Thursday, reaching $6.12. The company's stock had a trading volume of 60,497 shares, compared to its average volume of 69,666. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $122.11 million, a P/E ratio of -43.71 and a beta of 0.47. The stock has a 50-day moving average price of $5.78 and a 200-day moving average price of $5.49. Riverview Bancorp Inc has a 52-week low of $4.88 and a 52-week high of $6.22.

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

Riverview Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

RVSB has been the topic of several analyst reports. Weiss Ratings raised shares of Riverview Bancorp from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 25th. Wall Street Zen upgraded Riverview Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. Finally, Raymond James Financial upgraded Riverview Bancorp to a "moderate buy" rating in a research report on Monday, October 12th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold".

Institutional Trading of Riverview Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Nierenberg Investment Management Company LLC purchased a new stake in shares of Riverview Bancorp in the 2nd quarter valued at $11,037,968. Dimensional Fund Advisors LP lifted its stake in Riverview Bancorp by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company's stock worth $7,349,000 after acquiring an additional 15,745 shares in the last quarter. BlackRock Inc. purchased a new position in Riverview Bancorp during the 2nd quarter valued at about $7,042,000. The Manufacturers Life Insurance Company purchased a new position in Riverview Bancorp during the 2nd quarter valued at about $5,767,000. Finally, Renaissance Technologies LLC boosted its holdings in Riverview Bancorp by 21.1% during the 1st quarter. Renaissance Technologies LLC now owns 319,207 shares of the savings and loans company's stock valued at $1,756,000 after acquiring an additional 55,700 shares during the period. Institutional investors and hedge funds own 69.60% of the company's stock.

Riverview Bancorp Company Profile

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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