Riverview Bancorp (NASDAQ:RVSB) Director Sells $154,285.97 in Stock

Key Points

• Director Gerald Lee Nies sold 25,169 Riverview Bancorp shares for about $154,286, reducing his stake by 13.2%; he also sold 18,001 shares the following day.
• Riverview reported quarterly EPS of $0.10, beating the $0.07 consensus estimate, and revenue of $15.45 million versus expectations of $15.10 million.
• Analyst opinions are mixed, with one Buy, one Hold, and one Sell rating; the overall consensus is Hold.

Riverview Bancorp Inc (NASDAQ:RVSB - Get Free Report) Director Gerald Lee Nies sold 25,169 shares of the company's stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $6.13, for a total value of $154,285.97. Following the sale, the director owned 165,523 shares of the company's stock, valued at approximately $1,014,655.99. This trade represents a 13.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, November 4th, Gerald Lee Nies sold 18,001 shares of Riverview Bancorp stock. The stock was sold at an average price of $6.15, for a total transaction of $110,706.15.

Riverview Bancorp Stock Performance

Shares of NASDAQ:RVSB traded down $0.01 during midday trading on Thursday, hitting $6.12. The company's stock had a trading volume of 60,497 shares, compared to its average volume of 69,666. The stock has a market capitalization of $122.11 million, a price-to-earnings ratio of -43.71 and a beta of 0.47. The stock's 50 day simple moving average is $5.78 and its 200 day simple moving average is $5.49. Riverview Bancorp Inc has a fifty-two week low of $4.88 and a fifty-two week high of $6.22. 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 announced its earnings results on Tuesday, October 27th. The savings and loans company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $15.45 million during the quarter, compared to the consensus estimate of $15.10 million. Riverview Bancorp had a positive return on equity of 3.76% and a negative net margin of 4.46%. As a group, research analysts anticipate that Riverview Bancorp Inc will post 0.35 earnings per share for the current year.

Riverview Bancorp Announces Dividend

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

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wall Street Zen raised shares of Riverview Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, August 22nd. Raymond James Financial upgraded shares of Riverview Bancorp to a "moderate buy" rating in a research note on Monday, October 12th. Finally, Weiss Ratings upgraded Riverview Bancorp from a "sell (d)" rating to a "sell (d+)" rating in a research report 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.com, Riverview Bancorp presently has a consensus rating of "Hold".

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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