Bessemer Group Inc. acquired a new position in shares of Riverview Bancorp Inc (NASDAQ:RVSB) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 47,500 shares of the savings and loans company’s stock, valued at approximately $399,000. Bessemer Group Inc. owned 0.21% of Riverview Bancorp as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of RVSB. Vanguard Group Inc. boosted its stake in Riverview Bancorp by 158.7% during the second quarter. Vanguard Group Inc. now owns 649,982 shares of the savings and loans company’s stock worth $4,316,000 after buying an additional 398,692 shares during the period. Deprince Race & Zollo Inc. lifted its stake in Riverview Bancorp by 25.1% in the second quarter. Deprince Race & Zollo Inc. now owns 1,354,537 shares of the savings and loans company’s stock worth $8,994,000 after acquiring an additional 271,916 shares during the period. Thomson Horstmann & Bryant Inc. lifted its stake in Riverview Bancorp by 92.4% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 501,747 shares of the savings and loans company’s stock worth $3,331,000 after acquiring an additional 240,968 shares during the period. Banc Funds Co. LLC lifted its stake in Riverview Bancorp by 44.5% in the second quarter. Banc Funds Co. LLC now owns 746,574 shares of the savings and loans company’s stock worth $4,957,000 after acquiring an additional 230,000 shares during the period. Finally, State Street Corp lifted its stake in Riverview Bancorp by 1,923.2% in the second quarter. State Street Corp now owns 231,349 shares of the savings and loans company’s stock worth $1,535,000 after acquiring an additional 219,914 shares during the period. 58.71% of the stock is owned by institutional investors.
Shares of Riverview Bancorp Inc (RVSB) traded up $0.11 during trading on Monday, reaching $9.45. 40,118 shares of the company’s stock were exchanged, compared to its average volume of 92,042. The company has a market capitalization of $210.47, a P/E ratio of 21.23 and a beta of 0.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.86 and a quick ratio of 0.86. Riverview Bancorp Inc has a fifty-two week low of $6.23 and a fifty-two week high of $9.54.
Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, October 26th. The savings and loans company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Riverview Bancorp had a net margin of 18.90% and a return on equity of 8.63%. The business had revenue of $13.44 million during the quarter, compared to the consensus estimate of $13.10 million. equities research analysts predict that Riverview Bancorp Inc will post 0.55 EPS for the current year.
In other news, EVP Richard S. Michalek sold 12,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $8.77, for a total transaction of $105,240.00. Following the transaction, the executive vice president now owns 14,477 shares in the company, valued at $126,963.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald Lee Nies sold 30,778 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $8.58, for a total value of $264,075.24. The disclosure for this sale can be found here. Corporate insiders own 7.41% of the company’s stock.
RVSB has been the subject of a number of research reports. Zacks Investment Research lowered shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, October 27th.
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Riverview Bancorp Company Profile
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
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