Richard S. Michalek Sells 12,000 Shares of Riverview Bancorp Inc (NASDAQ:RVSB) Stock

Riverview Bancorp Inc (NASDAQ:RVSB) EVP Richard S. Michalek sold 12,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $8.77, for a total transaction of $105,240.00. Following the completion of the sale, the executive vice president now directly owns 14,477 shares in the company, valued at $126,963.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Riverview Bancorp Inc (NASDAQ:RVSB) opened at $8.46 on Wednesday. Riverview Bancorp Inc has a 52-week low of $5.55 and a 52-week high of $9.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $190.64, a PE ratio of 19.61 and a beta of 0.51.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Thursday, October 26th. The savings and loans company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The business had revenue of $13.44 million during the quarter, compared to analyst estimates of $13.10 million. Riverview Bancorp had a return on equity of 8.63% and a net margin of 18.90%. equities analysts forecast that Riverview Bancorp Inc will post 0.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Friday, October 13th were paid a dividend of $0.0225 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.06%. Riverview Bancorp’s dividend payout ratio is currently 20.93%.

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Several large investors have recently made changes to their positions in RVSB. Rhumbline Advisers purchased a new stake in shares of Riverview Bancorp during the 2nd quarter worth approximately $133,000. Goldman Sachs Group Inc. raised its holdings in shares of Riverview Bancorp by 27.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,776 shares of the savings and loans company’s stock worth $134,000 after acquiring an additional 4,038 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Riverview Bancorp during the 3rd quarter worth approximately $139,000. Nationwide Fund Advisors raised its holdings in Riverview Bancorp by 278.8% during the 2nd quarter. Nationwide Fund Advisors now owns 22,013 shares of the savings and loans company’s stock valued at $146,000 after buying an additional 16,202 shares during the period. Finally, PDT Partners LLC purchased a new stake in Riverview Bancorp during the 2nd quarter valued at $151,000. Institutional investors own 56.10% of the company’s stock.

A number of brokerages have commented on RVSB. ValuEngine cut shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Thursday, August 31st.

About Riverview Bancorp

Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).

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