Riverview Bancorp Shares Flat Premarket While Bank Trade Moves
Riverview Bancorp held steady at $5.61 in premarket trading Friday, just below its 52-week high. The bank sold $149.3 million in bonds in March, taking an $11.4 million pretax loss to boost net interest margin by 0.25 percentage point. Riverview reported a quarterly net loss of $8 million but paid a 2-cent dividend and repurchased 130,059 shares. Regional bank stocks rose this week as investors watched interest rates.