Jon Louis Girod Acquires 2,000 Shares of Riverview Bancorp (NASDAQ:RVSB) Stock

Riverview Bancorp Inc (NASDAQ:RVSB) Director Jon Louis Girod acquired 2,000 shares of Riverview Bancorp stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $5.24 per share, for a total transaction of $10,480.00. Following the completion of the purchase, the director directly owned 2,000 shares in the company, valued at approximately $10,480. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Riverview Bancorp Stock Up 1.5%

Shares of NASDAQ:RVSB opened at $5.47 on Wednesday. The stock has a 50-day simple moving average of $5.49 and a 200-day simple moving average of $5.42. The stock has a market capitalization of $110.28 million, a P/E ratio of -28.79 and a beta of 0.49. Riverview Bancorp Inc has a 1 year low of $4.74 and a 1 year high of $6.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 0.94.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Tuesday, July 28th. The savings and loans company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $15.01 million for the quarter, compared to analyst estimates of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.06%. Equities analysts forecast that Riverview Bancorp Inc will post 0.28 earnings per share for the current year.

Riverview Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Thursday, July 9th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, July 9th. Riverview Bancorp’s dividend payout ratio (DPR) is currently -42.11%.

Institutional Trading of Riverview Bancorp

Hedge funds have recently made changes to their positions in the company. Daytona Street Capital LLC acquired a new position in shares of Riverview Bancorp during the fourth quarter worth $30,000. Raymond James Financial Inc. acquired a new stake in Riverview Bancorp during the 2nd quarter valued at $34,000. BNP Paribas Financial Markets increased its stake in Riverview Bancorp by 122.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock worth $34,000 after buying an additional 3,524 shares during the period. JPMorgan Chase & Co. purchased a new stake in Riverview Bancorp during the 2nd quarter worth $53,000. Finally, Intech Investment Management LLC acquired a new position in Riverview Bancorp in the 3rd quarter worth $55,000. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RVSB shares. Weiss Ratings raised shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Wall Street Zen lowered Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Riverview Bancorp presently has an average rating of “Reduce”.

Riverview Bancorp Company Profile

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.