Insider Selling: Riverview Bancorp, Inc. (NASDAQ:RVSB) Major Shareholder Sells 186,348 Shares of Stock

Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report) major shareholder Martin S. Friedman sold 186,348 shares of Riverview Bancorp stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $5.18, for a total transaction of $965,282.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Riverview Bancorp Price Performance

Shares of RVSB stock traded up $0.07 during midday trading on Tuesday, reaching $5.28. 52,725 shares of the company were exchanged, compared to its average volume of 33,756. Riverview Bancorp, Inc. has a 12 month low of $3.30 and a 12 month high of $5.89. The company has a market cap of $110.75 million, a P/E ratio of 132.03 and a beta of 0.75. The company's 50 day moving average price is $5.41 and its two-hundred day moving average price is $5.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.86 and a current ratio of 0.86.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.92%. On average, sell-side analysts expect that Riverview Bancorp, Inc. will post 0.2 earnings per share for the current year.

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Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.52%. Riverview Bancorp's dividend payout ratio (DPR) is 200.00%.

Institutional Trading of Riverview Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Riverview Bancorp during the 4th quarter worth about $87,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Riverview Bancorp in the 4th quarter worth approximately $224,000. Empowered Funds LLC raised its holdings in shares of Riverview Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company's stock worth $423,000 after purchasing an additional 4,556 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Riverview Bancorp by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company's stock worth $988,000 after purchasing an additional 5,551 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Riverview Bancorp by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company's stock worth $1,460,000 after purchasing an additional 2,924 shares in the last quarter. 69.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Riverview Bancorp in a research report on Friday, March 7th. They issued a "hold" rating on the stock.

About Riverview Bancorp

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.