Goldman Sachs Group Inc. Sells 6,940 Shares of Riverview Bancorp Inc $RVSB

Goldman Sachs Group Inc. cut its position in shares of Riverview Bancorp Inc (NASDAQ:RVSB) by 18.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,605 shares of the savings and loans company’s stock after selling 6,940 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.15% of Riverview Bancorp worth $173,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of RVSB. Jane Street Group LLC bought a new position in Riverview Bancorp during the 4th quarter worth approximately $87,000. Columbia River Financial Group LLC bought a new position in Riverview Bancorp during the 1st quarter worth approximately $31,000. Pacific Ridge Capital Partners LLC grew its position in Riverview Bancorp by 17.0% during the 1st 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. Finally, Empowered Funds LLC grew its position in Riverview Bancorp by 7.4% during the 1st quarter. Empowered Funds LLC now owns 101,394 shares of the savings and loans company’s stock worth $573,000 after acquiring an additional 6,988 shares during the last quarter. 69.60% of the stock is currently owned by institutional investors.

Riverview Bancorp Price Performance

RVSB opened at $5.35 on Tuesday. The stock’s 50 day simple moving average is $5.08 and its 200 day simple moving average is $5.49. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89. Riverview Bancorp Inc has a 1 year low of $4.45 and a 1 year high of $6.59. The firm has a market cap of $112.08 million, a price-to-earnings ratio of 22.29 and a beta of 0.59.

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

Riverview Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Thursday, October 9th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. Riverview Bancorp’s payout ratio is presently 33.33%.

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.