Royce & Associates LP Sells 87,963 Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB)

Royce & Associates LP lessened its position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 25.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 254,841 shares of the savings and loans company’s stock after selling 87,963 shares during the quarter. Royce & Associates LP owned 1.21% of Riverview Bancorp worth $1,200,000 at the end of the most recent reporting period.

Separately, Vanguard Group Inc. increased its position in shares of Riverview Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock valued at $4,261,000 after purchasing an additional 6,615 shares during the last quarter. 69.60% of the stock is owned by institutional investors and hedge funds.

Riverview Bancorp Trading Up 0.6 %

NASDAQ:RVSB opened at $4.90 on Wednesday. The firm has a market capitalization of $103.24 million, a price-to-earnings ratio of 98.00 and a beta of 0.76. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86. The business has a fifty day moving average price of $4.70 and a 200-day moving average price of $4.37. Riverview Bancorp, Inc. has a one year low of $3.30 and a one year high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $18.78 million for the quarter, compared to the consensus estimate of $12.20 million. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. Sell-side analysts forecast that Riverview Bancorp, Inc. will post 0.18 EPS for the current year.

Riverview Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.63%. The ex-dividend date was Monday, October 7th. Riverview Bancorp’s dividend payout ratio is currently 160.00%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Riverview Bancorp in a research report on Sunday, November 3rd. They set a “hold” rating for the company.

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.