Riverview Bancorp, Inc. (NASDAQ:RVSB) Major Shareholder Sells $277,245.00 in Stock

Riverview Bancorp, Inc. (NASDAQ:RVSB) major shareholder Martin S. Friedman sold 50,500 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $5.49, for a total value of $277,245.00. Following the transaction, the insider now directly owns 186,348 shares of the company’s stock, valued at $1,023,050.52. This represents a 21.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Riverview Bancorp Stock Performance

Shares of NASDAQ RVSB remained flat at $5.35 during mid-day trading on Thursday. The company had a trading volume of 8,834 shares, compared to its average volume of 31,526. The business has a fifty day moving average price of $5.65 and a 200-day moving average price of $5.06. The stock has a market capitalization of $112.72 million, a PE ratio of 133.78 and a beta of 0.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. Riverview Bancorp, Inc. has a twelve month low of $3.30 and a twelve month high of $5.89.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.93% and a net margin of 1.13%. On average, research analysts expect that Riverview Bancorp, Inc. will post 0.2 EPS for the current year.

Riverview Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio is currently 200.05%.

Institutional Investors Weigh In On Riverview Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership bought a new stake in Riverview Bancorp in the fourth quarter worth $224,000. Empowered Funds LLC lifted its position in Riverview Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock worth $423,000 after acquiring an additional 4,556 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Riverview Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock valued at $988,000 after acquiring an additional 5,551 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in shares of Riverview Bancorp by 2.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company’s stock worth $3,739,000 after purchasing an additional 15,395 shares during the period. Finally, Nierenberg Investment Management Company Inc. increased its stake in shares of Riverview Bancorp by 21.3% in the fourth quarter. Nierenberg Investment Management Company Inc. now owns 1,286,422 shares of the savings and loans company’s stock worth $7,384,000 after purchasing an additional 225,822 shares during the period. 69.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Riverview Bancorp in a research note on Tuesday. They set a “hold” rating for the company.

About Riverview Bancorp

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.