Dimensional Fund Advisors LP raised its holdings in Riverview Bancorp Inc (NASDAQ:RVSB) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,259,950 shares of the savings and loans company’s stock after buying an additional 47,066 shares during the quarter. Dimensional Fund Advisors LP owned 5.60% of Riverview Bancorp worth $8,366,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Context BH Capital Management LP increased its holdings in Riverview Bancorp by 116.9% in the 2nd quarter. Context BH Capital Management LP now owns 57,739 shares of the savings and loans company’s stock valued at $383,000 after buying an additional 31,122 shares during the period. Geode Capital Management LLC boosted its stake in shares of Riverview Bancorp by 222.2% in the 1st quarter. Geode Capital Management LLC now owns 169,305 shares of the savings and loans company’s stock valued at $1,210,000 after purchasing an additional 116,756 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Riverview Bancorp by 11.0% in the 1st quarter. Renaissance Technologies LLC now owns 106,900 shares of the savings and loans company’s stock valued at $764,000 after purchasing an additional 10,600 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Riverview Bancorp by 70.1% in the 1st quarter. Bank of New York Mellon Corp now owns 40,552 shares of the savings and loans company’s stock valued at $290,000 after purchasing an additional 16,718 shares in the last quarter. Finally, TIAA CREF Investment Management LLC acquired a new stake in shares of Riverview Bancorp in the 2nd quarter valued at $319,000. 58.71% of the stock is currently owned by hedge funds and other institutional investors.
RVSB has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Wednesday, August 16th. ValuEngine upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, October 27th.
Shares of Riverview Bancorp Inc (RVSB) traded up $0.11 during trading hours on Monday, hitting $9.45. 40,118 shares of the stock traded hands, compared to its average volume of 92,042. Riverview Bancorp Inc has a 52 week low of $6.23 and a 52 week high of $9.54. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $210.47, a P/E ratio of 21.23 and a beta of 0.51.
Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Thursday, October 26th. The savings and loans company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The company had revenue of $13.44 million for the quarter, compared to the consensus estimate of $13.10 million. Riverview Bancorp had a net margin of 18.90% and a return on equity of 8.63%. equities research analysts predict that Riverview Bancorp Inc will post 0.55 earnings per share for the current fiscal year.
In related 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 approximately $126,963.29. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gerald Lee Nies sold 30,778 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $8.58, for a total transaction of $264,075.24. The disclosure for this sale can be found here. 7.41% of the stock is owned by corporate insiders.
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About Riverview Bancorp
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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