Pacific Ridge Capital Partners LLC acquired a new stake in Riverview Bancorp, Inc. (NASDAQ:RVSB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 266,272 shares of the savings and loans company’s stock, valued at approximately $2,354,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in shares of Riverview Bancorp by 14.9% in the 3rd quarter. Acadian Asset Management LLC now owns 79,790 shares of the savings and loans company’s stock valued at $705,000 after acquiring an additional 10,319 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Riverview Bancorp by 4.9% in the 2nd quarter. Northern Trust Corp now owns 231,998 shares of the savings and loans company’s stock valued at $1,958,000 after acquiring an additional 10,917 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Riverview Bancorp by 11.3% in the 2nd quarter. Millennium Management LLC now owns 120,873 shares of the savings and loans company’s stock valued at $1,020,000 after acquiring an additional 12,273 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Riverview Bancorp in the 3rd quarter valued at about $128,000. Finally, Citadel Advisors LLC bought a new position in shares of Riverview Bancorp in the 3rd quarter valued at about $144,000. Institutional investors own 60.80% of the company’s stock.

Riverview Bancorp stock opened at $7.39 on Friday. Riverview Bancorp, Inc. has a 52 week low of $6.71 and a 52 week high of $9.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $170.85 million, a P/E ratio of 11.28 and a beta of 0.51.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, October 25th. The savings and loans company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Riverview Bancorp had a return on equity of 12.61% and a net margin of 22.54%. The business had revenue of $14.62 million during the quarter, compared to analysts’ expectations of $14.20 million. As a group, sell-side analysts predict that Riverview Bancorp, Inc. will post 0.75 EPS for the current year.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Wednesday, November 7th. ValuEngine upgraded Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 29th.

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Riverview Bancorp Profile

Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and 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.

See Also: Stock Split

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Institutional Ownership by Quarter for Riverview Bancorp (NASDAQ:RVSB)

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