Riverview Bancorp, Inc. (NASDAQ:RVSB – Get Free Report) CEO Nicole Sherman acquired 2,500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $4.82 per share, with a total value of $12,050.00. Following the transaction, the chief executive officer now owns 2,500 shares in the company, valued at approximately $12,050. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Riverview Bancorp Trading Up 0.9 %
RVSB opened at $4.69 on Friday. Riverview Bancorp, Inc. has a 1-year low of $3.30 and a 1-year high of $6.57. The stock has a market capitalization of $98.96 million, a PE ratio of 26.06 and a beta of 0.77. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $4.52 and a two-hundred day moving average price of $4.32.
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. The company had revenue of $17.77 million during the quarter, compared to analyst estimates of $12.20 million. As a group, equities analysts anticipate that Riverview Bancorp, Inc. will post 0.16 earnings per share for the current fiscal year.
Riverview Bancorp Cuts Dividend
Hedge Funds Weigh In On Riverview Bancorp
A hedge fund recently raised its stake in Riverview Bancorp stock. Vanguard Group Inc. boosted its position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB – Free Report) by 0.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 902,739 shares of the savings and loans company’s stock after purchasing an additional 6,615 shares during the quarter. Vanguard Group Inc. owned about 4.28% of Riverview Bancorp worth $4,261,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 69.60% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Riverview Bancorp in a research note on Monday, September 16th. They issued a “hold” rating for the company.
View Our Latest Research Report on Riverview Bancorp
Riverview Bancorp Company Profile
Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.
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