Riverview Bancorp, Inc. (NASDAQ:RVSB) Major Shareholder Martin S. Friedman Sells 186,348 Shares

Riverview Bancorp, Inc. (NASDAQ:RVSB) major shareholder Martin S. Friedman sold 186,348 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $5.18, for a total value of $965,282.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Riverview Bancorp Trading Down 2.1 %

Shares of RVSB stock opened at $5.19 on Friday. The firm has a market capitalization of $108.87 million, a P/E ratio of 129.78 and a beta of 0.75. Riverview Bancorp, Inc. has a 1 year low of $3.30 and a 1 year high of $5.89. The firm’s fifty day simple moving average is $5.43 and its 200 day simple moving average is $5.16. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.72.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.92%. As a group, sell-side analysts predict that Riverview Bancorp, Inc. will post 0.2 EPS for the current year.

Riverview Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were given a $0.02 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.54%. Riverview Bancorp’s dividend payout ratio is currently 200.00%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Riverview Bancorp in a report on Friday, March 7th. They issued a “hold” rating on the stock.

Institutional Trading of Riverview Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of RVSB. The Manufacturers Life Insurance Company boosted its stake in Riverview Bancorp by 0.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 948,801 shares of the savings and loans company’s stock worth $5,446,000 after buying an additional 2,496 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Riverview Bancorp by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company’s stock valued at $1,460,000 after acquiring an additional 2,924 shares in the last quarter. Empowered Funds LLC increased its stake in Riverview Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 94,406 shares of the savings and loans company’s stock valued at $540,000 after acquiring an additional 4,524 shares during the period. Geode Capital Management LLC raised its position in Riverview Bancorp by 2.7% in the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock worth $988,000 after purchasing an additional 5,551 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Riverview Bancorp during the fourth quarter worth about $87,000. 69.60% of the stock is currently owned by institutional investors.

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.