Insider Buying: Riverview Bancorp, Inc. (NASDAQ:RVSB) Director Buys $75,800.00 in Stock
Riverview Bancorp, Inc. (NASDAQ:RVSB) Director Gerald Lee Nies bought 10,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of $7.58 per share, with a total value of $75,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
RVSB opened at $7.35 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average price of $8.03 and a 200-day moving average price of $7.80. Riverview Bancorp, Inc. has a twelve month low of $5.46 and a twelve month high of $9.99. The stock has a market capitalization of $167.46 million, a price-to-earnings ratio of 9.83 and a beta of 0.55.
Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Tuesday, July 23rd. The savings and loans company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Riverview Bancorp had a net margin of 27.67% and a return on equity of 13.03%. The firm had revenue of $14.61 million during the quarter, compared to analysts’ expectations of $14.60 million. As a group, analysts expect that Riverview Bancorp, Inc. will post 0.75 earnings per share for the current year.
Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. ValuEngine cut shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and 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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