Insider Buying: Riverview Bancorp, Inc. (NASDAQ:RVSB) Director Purchases $18,750.00 in Stock

Riverview Bancorp, Inc. (NASDAQ:RVSB) Director Patricia Eby purchased 5,000 shares of Riverview Bancorp stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average price of $3.75 per share, with a total value of $18,750.00. Following the transaction, the director now owns 22,000 shares in the company, valued at approximately $82,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Riverview Bancorp Stock Up 6.9 %

RVSB opened at $4.20 on Friday. The company has a market capitalization of $88.66 million, a PE ratio of 23.33 and a beta of 0.75. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.84 and a quick ratio of 0.84. Riverview Bancorp, Inc. has a fifty-two week low of $3.37 and a fifty-two week high of $6.57. The business has a 50-day moving average of $4.54 and a 200-day moving average of $5.33.

Riverview Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Thursday, April 11th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 5.71%. The ex-dividend date was Wednesday, April 10th. Riverview Bancorp’s dividend payout ratio is 133.34%.

Institutional Investors Weigh In On Riverview Bancorp

A hedge fund recently bought a new stake in Riverview Bancorp stock. Mendon Capital Advisors Corp bought a new position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,743 shares of the savings and loans company’s stock, valued at approximately $216,000. Mendon Capital Advisors Corp owned about 0.16% of Riverview Bancorp at the end of the most recent reporting period. Institutional investors own 69.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RVSB. StockNews.com started coverage on shares of Riverview Bancorp in a research report on Friday. They set a “hold” rating on the stock. TheStreet cut shares of Riverview Bancorp from a “b-” rating to a “c+” rating in a report on Friday, February 23rd.

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.