Bessie Ross Wills Buys 3,000 Shares of Riverview Bancorp (NASDAQ:RVSB) Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Bessie Ross Wills bought 3,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were purchased at an average cost of $5.39 per share, with a total value of $16,170.00. Following the acquisition, the director directly owned 48,000 shares of the company’s stock, valued at approximately $258,720. This represents a 6.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Riverview Bancorp Trading Up 1.3%

RVSB stock opened at $5.42 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.86 and a current ratio of 0.88. The company’s 50-day simple moving average is $5.23 and its 200 day simple moving average is $5.18. Riverview Bancorp Inc has a 52 week low of $4.74 and a 52 week high of $6.59. The company has a market capitalization of $112.25 million, a PE ratio of 23.57 and a beta of 0.62.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Thursday, January 29th. The savings and loans company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $14.05 million during the quarter, compared to analysts’ expectations of $13.70 million. Riverview Bancorp had a net margin of 6.41% and a return on equity of 2.99%. As a group, sell-side analysts anticipate that Riverview Bancorp Inc will post 0.2 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, January 5th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, January 5th. Riverview Bancorp’s payout ratio is 34.78%.

Riverview Bancorp announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 28th that authorizes the company to repurchase $4.00 million in shares. This repurchase authorization authorizes the savings and loans company to purchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Riverview Bancorp

Large investors have recently modified their holdings of the business. Barclays PLC raised its holdings in shares of Riverview Bancorp by 4.0% during the 4th quarter. Barclays PLC now owns 86,231 shares of the savings and loans company’s stock worth $433,000 after buying an additional 3,325 shares in the last quarter. BNP Paribas Financial Markets grew its position in Riverview Bancorp by 122.9% in the third quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock valued at $34,000 after acquiring an additional 3,524 shares during the last quarter. American Century Companies Inc. grew its position in Riverview Bancorp by 3.8% in the second quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company’s stock valued at $636,000 after acquiring an additional 4,206 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Riverview Bancorp by 4.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 122,631 shares of the savings and loans company’s stock worth $616,000 after acquiring an additional 5,359 shares in the last quarter. Finally, CWM LLC bought a new position in shares of Riverview Bancorp in the third quarter worth about $30,000. Institutional investors and hedge funds own 69.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on RVSB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Riverview Bancorp in a report on Thursday, January 22nd. Zacks Research upgraded Riverview Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Riverview Bancorp currently has a consensus rating of “Hold” and an average target price of $7.00.

About Riverview Bancorp

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.