Kourosh Nasser Zamanizadeh Acquires 3,600 Shares of Riverview Bancorp (NASDAQ:RVSB) Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Kourosh Nasser Zamanizadeh bought 3,600 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average price of $5.38 per share, for a total transaction of $19,368.00. Following the acquisition, the director directly owned 15,477 shares in the company, valued at $83,266.26. The trade was a 30.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Riverview Bancorp Price Performance

RVSB stock opened at $5.62 on Thursday. The company has a market capitalization of $112.12 million, a P/E ratio of -29.58 and a beta of 0.48. 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 Inc has a 52-week low of $4.88 and a 52-week high of $6.22. The business has a 50-day simple moving average of $5.29 and a two-hundred day simple moving average of $5.41.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. Riverview Bancorp had a positive return on equity of 3.12% and a negative net margin of 5.87%.The firm had revenue of $15.01 million during the quarter, compared to the consensus estimate of $14.80 million. Research analysts expect that Riverview Bancorp Inc will post 0.28 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Thursday, July 9th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 9th. Riverview Bancorp’s dividend payout ratio is presently -42.11%.

Institutional Investors Weigh In On Riverview Bancorp

Large investors have recently made changes to their positions in the business. Engineers Gate Manager LP purchased a new position in shares of Riverview Bancorp in the 2nd quarter worth about $61,000. Squarepoint Ops LLC purchased a new stake in Riverview Bancorp during the second quarter worth about $195,000. Ancora Advisors LLC raised its position in Riverview Bancorp by 371.9% in the second quarter. Ancora Advisors LLC now owns 97,424 shares of the savings and loans company’s stock worth $529,000 after acquiring an additional 76,777 shares during the period. Susquehanna International Group LLP purchased a new position in Riverview Bancorp in the second quarter valued at about $661,000. Finally, Empowered Funds LLC bought a new position in shares of Riverview Bancorp during the 2nd quarter valued at approximately $697,000. 69.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on RVSB shares. Weiss Ratings upgraded shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. Wall Street Zen upgraded shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

About Riverview Bancorp

Riverview Bancorp, Inc is a bank holding company headquartered in Vancouver, Washington. Its principal subsidiary, Riverview Community Bank, provides banking services to individuals, families, businesses and public-sector organizations in Southwest Washington and Oregon.

Riverview Community Bank offers deposit products, commercial and residential real estate loans, construction and land development financing, commercial business loans, consumer lending and residential mortgage services.