Bessie Ross Wills Acquires 2,000 Shares of Riverview Bancorp Inc. (RVSB) Stock
Riverview Bancorp Inc. (NASDAQ:RVSB) Director Bessie Ross Wills purchased 2,000 shares of Riverview Bancorp stock in a transaction on Thursday, November 10th. The stock was bought at an average price of $5.41 per share, for a total transaction of $10,820.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Riverview Bancorp Inc. (NASDAQ:RVSB) opened at 5.61 on Wednesday. Riverview Bancorp Inc. has a 12-month low of $4.15 and a 12-month high of $5.75. The company has a market capitalization of $126.08 million, a P/E ratio of 19.41 and a beta of 0.48. The stock has a 50 day moving average of $5.45 and a 200-day moving average of $5.00.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 25th. Shareholders of record on Friday, October 14th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Wednesday, October 12th. Riverview Bancorp’s payout ratio is 27.59%.
A number of analysts have recently weighed in on RVSB shares. Zacks Investment Research upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Wednesday, October 5th. Raymond James Financial Inc. upgraded shares of Riverview Bancorp from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a report on Friday, September 30th.
Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in Riverview Bancorp by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 22,762 shares of the company’s stock valued at $108,000 after buying an additional 820 shares during the last quarter. Spark Investment Management LLC increased its position in Riverview Bancorp by 111.8% in the third quarter. Spark Investment Management LLC now owns 23,300 shares of the company’s stock valued at $125,000 after buying an additional 12,300 shares during the last quarter. Context BH Capital Management LP bought a new position in Riverview Bancorp during the third quarter valued at about $143,000. Wedbush Securities Inc. increased its position in Riverview Bancorp by 123.1% in the third quarter. Wedbush Securities Inc. now owns 29,000 shares of the company’s stock valued at $156,000 after buying an additional 16,000 shares during the last quarter. Finally, Northern Trust Corp increased its position in Riverview Bancorp by 18.4% in the third quarter. Northern Trust Corp now owns 34,098 shares of the company’s stock valued at $183,000 after buying an additional 5,298 shares during the last quarter. 53.35% of the stock is currently owned by institutional investors and hedge funds.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
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