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

Riverview Bancorp, Inc. (NASDAQ:RVSB) Director Patricia Eby acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was purchased at an average price of $3.75 per share, for a total transaction of $18,750.00. Following the acquisition, the director now directly owns 22,000 shares in the company, valued at approximately $82,500. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Riverview Bancorp Price Performance

RVSB traded up $0.03 during trading on Wednesday, reaching $3.76. The company’s stock had a trading volume of 52,008 shares, compared to its average volume of 24,587. The company has a market cap of $79.37 million, a price-to-earnings ratio of 20.72 and a beta of 0.70. The firm has a fifty day simple moving average of $4.58 and a two-hundred day simple moving average of $5.36. Riverview Bancorp, Inc. has a 1 year low of $3.37 and a 1 year high of $6.57. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.18.

Riverview Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Thursday, April 11th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date of this dividend was Wednesday, April 10th. Riverview Bancorp’s dividend payout ratio (DPR) is presently 133.34%.

Institutional Trading of Riverview Bancorp

A hedge fund recently bought a new stake in Riverview Bancorp stock. Mendon Capital Advisors Corp bought a new stake in Riverview Bancorp, Inc. (NASDAQ:RVSB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of Riverview Bancorp from a “b-” rating to a “c+” rating in a research 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.