Russell Investments Group Ltd. trimmed its position in Riverview Bancorp, Inc. (NASDAQ:RVSB – Free Report) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,504 shares of the savings and loans company’s stock after selling 8,231 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.71% of Riverview Bancorp worth $820,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of RVSB. The Manufacturers Life Insurance Company raised its holdings in shares of Riverview Bancorp by 158.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 669,877 shares of the savings and loans company’s stock valued at $5,058,000 after purchasing an additional 411,131 shares in the last quarter. Royce & Associates LP grew its position in shares of Riverview Bancorp by 26.2% in the 1st quarter. Royce & Associates LP now owns 401,858 shares of the savings and loans company’s stock valued at $2,146,000 after buying an additional 83,464 shares during the last quarter. rhino investment partners Inc grew its position in shares of Riverview Bancorp by 6.6% in the 4th quarter. rhino investment partners Inc now owns 419,931 shares of the savings and loans company’s stock valued at $3,225,000 after buying an additional 26,006 shares during the last quarter. Trellis Advisors LLC purchased a new position in shares of Riverview Bancorp in the 4th quarter valued at $192,000. Finally, BlackRock Inc. grew its position in shares of Riverview Bancorp by 1.4% in the 1st quarter. BlackRock Inc. now owns 1,696,504 shares of the savings and loans company’s stock valued at $12,809,000 after buying an additional 23,551 shares during the last quarter. 63.16% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. StockNews.com assumed coverage on shares of Riverview Bancorp in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. TheStreet raised shares of Riverview Bancorp from a “c+” rating to a “b-” rating in a research report on Thursday, August 10th.
Riverview Bancorp Trading Up 0.8 %
Shares of Riverview Bancorp stock opened at $5.97 on Friday. Riverview Bancorp, Inc. has a 1 year low of $4.17 and a 1 year high of $8.00. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $126.09 million, a P/E ratio of 7.96 and a beta of 0.73. The company’s fifty day moving average is $5.53 and its two-hundred day moving average is $5.44.
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Riverview Bancorp had a net margin of 23.64% and a return on equity of 10.69%. The company had revenue of $17.24 million for the quarter, compared to the consensus estimate of $13.80 million. Analysts forecast that Riverview Bancorp, Inc. will post 0.46 earnings per share for the current year.
Riverview Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, July 24th. Stockholders of record on Tuesday, July 11th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Monday, July 10th. Riverview Bancorp’s dividend payout ratio (DPR) is presently 32.00%.
Riverview Bancorp Profile
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.
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