American Century Companies Inc. Cuts Stake in Riverview Bancorp Inc $RVSB

American Century Companies Inc. lowered its stake in shares of Riverview Bancorp Inc (NASDAQ:RVSB) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,432 shares of the savings and loans company’s stock after selling 3,986 shares during the period. American Century Companies Inc. owned about 0.53% of Riverview Bancorp worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacific Ridge Capital Partners LLC boosted its position in Riverview Bancorp by 17.0% during the first quarter. Pacific Ridge Capital Partners LLC now owns 761,908 shares of the savings and loans company’s stock worth $4,305,000 after acquiring an additional 110,466 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Riverview Bancorp by 17.6% in the 4th quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company’s stock valued at $5,415,000 after buying an additional 141,400 shares during the period. Jane Street Group LLC acquired a new stake in shares of Riverview Bancorp in the 4th quarter valued at $87,000. Bridgeway Capital Management LLC raised its holdings in shares of Riverview Bancorp by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company’s stock valued at $1,460,000 after purchasing an additional 2,924 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Riverview Bancorp by 0.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 948,801 shares of the savings and loans company’s stock worth $5,446,000 after acquiring an additional 2,496 shares in the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB opened at $5.00 on Friday. Riverview Bancorp Inc has a 12 month low of $4.31 and a 12 month high of $6.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $104.75 million, a P/E ratio of 20.83 and a beta of 0.59. The company’s fifty day moving average price is $5.26 and its 200 day moving average price is $5.50.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Tuesday, July 29th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Riverview Bancorp had a net margin of 6.95% and a return on equity of 3.22%. The company had revenue of $13.27 million for the quarter, compared to the consensus estimate of $13.30 million. As a group, sell-side analysts predict that Riverview Bancorp Inc will post 0.2 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Thursday, July 10th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.6%. Riverview Bancorp’s payout ratio is presently 33.33%.

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.