Patriot Financial Partners GP LP acquired a new position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) during the third quarter, HoldingsChannel.com reports. The fund acquired 21,874 shares of the savings and loans company’s stock, valued at approximately $161,000. Riverview Bancorp accounts for approximately 0.1% of Patriot Financial Partners GP LP’s holdings, making the stock its 15th largest position.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Creative Planning bought a new stake in Riverview Bancorp in the third quarter valued at about $83,000. Russell Investments Group Ltd. grew its holdings in Riverview Bancorp by 305.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,125 shares of the savings and loans company’s stock worth $87,000 after buying an additional 7,625 shares in the last quarter. Zebra Capital Management LLC bought a new position in Riverview Bancorp in the 2nd quarter worth approximately $87,000. Susquehanna International Group LLP bought a new position in Riverview Bancorp in the 2nd quarter worth approximately $88,000. Finally, Mackay Shields LLC grew its holdings in Riverview Bancorp by 38.8% in the 3rd quarter. Mackay Shields LLC now owns 16,094 shares of the savings and loans company’s stock worth $119,000 after buying an additional 4,500 shares in the last quarter. Institutional investors own 62.49% of the company’s stock.
RVSB has been the subject of a number of recent analyst reports. Raymond James decreased their price objective on Riverview Bancorp from $9.00 to $8.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. ValuEngine lowered Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised Riverview Bancorp from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Wednesday.
In other Riverview Bancorp news, Director Gerald Lee Nies acquired 10,000 shares of Riverview Bancorp stock in a transaction on Wednesday, August 14th. The shares were purchased at an average cost of $7.58 per share, with a total value of $75,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Nierenberg acquired 20,000 shares of Riverview Bancorp stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of $6.85 per share, for a total transaction of $137,000.00. The disclosure for this purchase can be found here. 6.20% of the stock is currently owned by company insiders.
RVSB stock traded down $0.13 on Friday, reaching $7.37. The company’s stock had a trading volume of 22,100 shares, compared to its average volume of 43,552. Riverview Bancorp, Inc. has a 52 week low of $5.46 and a 52 week high of $8.70. The company has a market capitalization of $168.82 million, a P/E ratio of 9.70 and a beta of 0.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a fifty day moving average of $7.34 and a two-hundred day moving average of $7.70.
Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Riverview Bancorp had a net margin of 27.79% and a return on equity of 12.99%. The firm had revenue of $14.89 million for the quarter, compared to analysts’ expectations of $14.80 million. As a group, equities analysts expect that Riverview Bancorp, Inc. will post 0.77 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 14th were paid a $0.045 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.18 dividend on an annualized basis and a yield of 2.44%. Riverview Bancorp’s payout ratio is presently 23.68%.
Riverview Bancorp Company 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.
Featured Story: What is operating income?
Want to see what other hedge funds are holding RVSB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Riverview Bancorp, Inc. (NASDAQ:RVSB).
Receive News & Ratings for Riverview Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.