StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB - Free Report) in a research report released on Friday morning. The brokerage issued a hold rating on the savings and loans company's stock.
Riverview Bancorp Trading Up 2.5 %
Shares of NASDAQ:RVSB traded up $0.13 during trading on Friday, hitting $5.24. The company had a trading volume of 30,965 shares, compared to its average volume of 31,599. The stock has a market cap of $109.91 million, a price-to-earnings ratio of 131.03 and a beta of 0.77. Riverview Bancorp has a one year low of $3.30 and a one year high of $5.89. The company has a fifty day simple moving average of $5.48 and a two-hundred day simple moving average of $5.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.86 and a quick ratio of 0.86.
Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.92% and a net margin of 1.13%. As a group, equities analysts forecast that Riverview Bancorp will post 0.2 earnings per share for the current year.
Riverview Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Thursday, January 2nd. Riverview Bancorp's dividend payout ratio is currently 200.00%.
Insider Buying and Selling
In related news, major shareholder Martin S. Friedman sold 50,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total transaction of $277,245.00. Following the completion of the sale, the insider now directly owns 186,348 shares of the company's stock, valued at approximately $1,023,050.52. This trade represents a 21.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Riverview Bancorp
Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Riverview Bancorp during the 4th quarter worth approximately $87,000. Arrowstreet Capital Limited Partnership bought a new stake in Riverview Bancorp during the 4th quarter valued at $224,000. Empowered Funds LLC raised its position in Riverview Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company's stock valued at $423,000 after purchasing an additional 4,556 shares in the last quarter. Geode Capital Management LLC raised its position in Riverview Bancorp by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company's stock valued at $988,000 after purchasing an additional 5,551 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its position in Riverview Bancorp by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company's stock valued at $1,460,000 after purchasing an additional 2,924 shares in the last quarter. 69.60% of the stock is owned by institutional investors.
About Riverview Bancorp
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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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