Insider Buying: Riverview Bancorp, Inc. (NASDAQ:RVSB) Director Acquires 4,000 Shares of Stock

Riverview Bancorp, Inc. (NASDAQ:RVSB) Director Bessie Ross Wills acquired 4,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was bought at an average price of $3.94 per share, for a total transaction of $15,760.00. Following the purchase, the director now owns 45,000 shares in the company, valued at approximately $177,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Riverview Bancorp Price Performance

Shares of RVSB opened at $4.20 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $88.66 million, a PE ratio of 23.33 and a beta of 0.75. The firm’s 50 day moving average price is $4.54 and its 200 day moving average price is $5.33. Riverview Bancorp, Inc. has a twelve month low of $3.37 and a twelve month high of $6.57.

Riverview Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

RVSB has been the topic of several research analyst reports. StockNews.com started coverage on shares of Riverview Bancorp in a report on Friday. They set a “hold” rating on the stock. TheStreet lowered Riverview Bancorp from a “b-” rating to a “c+” rating in a research report on Friday, February 23rd.

Institutional Investors Weigh In On Riverview Bancorp

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