Kennedy Capital Management Inc. purchased a new position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,324 shares of the savings and loans company’s stock, valued at approximately $176,000. Kennedy Capital Management Inc. owned approximately 0.09% of Riverview Bancorp as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in Riverview Bancorp during the 3rd quarter worth approximately $113,000. FineMark National Bank & Trust increased its holdings in Riverview Bancorp by 808.0% during the 4th quarter. FineMark National Bank & Trust now owns 136,127 shares of the savings and loans company’s stock worth $136,000 after purchasing an additional 121,135 shares during the last quarter. First Trust Advisors LP purchased a new stake in Riverview Bancorp during the 3rd quarter worth approximately $139,000. Nationwide Fund Advisors increased its holdings in Riverview Bancorp by 278.8% during the 2nd quarter. Nationwide Fund Advisors now owns 22,013 shares of the savings and loans company’s stock worth $146,000 after purchasing an additional 16,202 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Riverview Bancorp by 50.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 19,200 shares of the savings and loans company’s stock worth $161,000 after purchasing an additional 6,400 shares during the last quarter. 60.19% of the stock is currently owned by hedge funds and other institutional investors.
RVSB stock traded down $0.07 during midday trading on Friday, hitting $9.14. 24,122 shares of the company’s stock were exchanged, compared to its average volume of 37,546. Riverview Bancorp, Inc. has a 12-month low of $6.46 and a 12-month high of $9.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $206.28, a PE ratio of 27.70 and a beta of 0.32.
Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Thursday, January 25th. The savings and loans company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Riverview Bancorp had a return on equity of 9.65% and a net margin of 17.00%. The business had revenue of $13.69 million during the quarter. sell-side analysts anticipate that Riverview Bancorp, Inc. will post 0.48 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 24th. Stockholders of record on Friday, April 13th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.31%. Riverview Bancorp’s dividend payout ratio (DPR) is 36.36%.
RVSB has been the topic of several analyst reports. ValuEngine upgraded Riverview Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Friday, December 15th.
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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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