Riverview Bancorp Inc (NASDAQ:RVSB) Stake Lowered by PL Capital Advisors LLC
PL Capital Advisors LLC decreased its position in Riverview Bancorp Inc (NASDAQ:RVSB) by 26.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 528,576 shares of the savings and loans company’s stock after selling 185,954 shares during the period. Riverview Bancorp comprises about 0.9% of PL Capital Advisors LLC’s investment portfolio, making the stock its 22nd largest position. PL Capital Advisors LLC’s holdings in Riverview Bancorp were worth $3,510,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Riverview Bancorp by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,212,884 shares of the savings and loans company’s stock worth $8,672,000 after buying an additional 36,196 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Riverview Bancorp by 13.2% in the first quarter. Deprince Race & Zollo Inc. now owns 1,082,621 shares of the savings and loans company’s stock valued at $7,741,000 after buying an additional 125,869 shares during the period. Thomson Horstmann & Bryant Inc. raised its stake in shares of Riverview Bancorp by 92.4% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 501,747 shares of the savings and loans company’s stock valued at $3,331,000 after buying an additional 240,968 shares during the period. Stifel Financial Corp raised its stake in shares of Riverview Bancorp by 163.4% in the first quarter. Stifel Financial Corp now owns 189,506 shares of the savings and loans company’s stock valued at $1,357,000 after buying an additional 117,560 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Riverview Bancorp by 222.2% in the first quarter. Geode Capital Management LLC now owns 169,305 shares of the savings and loans company’s stock valued at $1,210,000 after buying an additional 116,756 shares during the period. Institutional investors own 54.01% of the company’s stock.
Shares of Riverview Bancorp Inc (NASDAQ RVSB) opened at 7.99 on Thursday. Riverview Bancorp Inc has a one year low of $4.80 and a one year high of $8.16. The company has a 50-day moving average price of $7.20 and a 200 day moving average price of $7.26. The stock has a market cap of $179.81 million, a price-to-earnings ratio of 21.59 and a beta of 0.28.
Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Tuesday, July 25th. The savings and loans company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Riverview Bancorp had a return on equity of 7.56% and a net margin of 17.19%. The company had revenue of $13.17 million for the quarter, compared to the consensus estimate of $13.20 million. Equities research analysts expect that Riverview Bancorp Inc will post $0.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, July 14th were issued a $0.0225 dividend. This is an increase from Riverview Bancorp’s previous quarterly dividend of $0.02. The ex-dividend date was Wednesday, July 12th. This represents a $0.09 dividend on an annualized basis and a yield of 1.13%. Riverview Bancorp’s dividend payout ratio is currently 24.32%.
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RVSB has been the subject of several recent research reports. Zacks Investment Research lowered Riverview Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, May 6th. ValuEngine raised Riverview Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
In other Riverview Bancorp news, Director Ancora Advisors, Llc sold 900,000 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $6.50, for a total value of $5,850,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 7.41% of the stock is currently owned by corporate insiders.
About Riverview Bancorp
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
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