Riverview Bancorp, Inc. (NASDAQ:RVSB – Get Free Report) major shareholder Martin S. Friedman sold 186,348 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $5.18, for a total transaction of $965,282.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Riverview Bancorp Stock Down 2.1 %
Shares of NASDAQ:RVSB opened at $5.19 on Monday. Riverview Bancorp, Inc. has a one year low of $3.30 and a one year high of $5.89. The company has a 50 day moving average of $5.42 and a 200-day moving average of $5.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $108.87 million, a price-to-earnings ratio of 129.78 and a beta of 0.75.
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.92%. On average, sell-side analysts forecast that Riverview Bancorp, Inc. will post 0.2 earnings per share for the current year.
Riverview Bancorp Announces Dividend
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Riverview Bancorp in a research report on Friday, March 7th. They set a “hold” rating for the company.
View Our Latest Stock Report on RVSB
Hedge Funds Weigh In On Riverview Bancorp
Hedge funds and other institutional investors have recently made changes to their positions in the company. Nierenberg Investment Management Company Inc. increased its position in shares of Riverview Bancorp by 21.3% in the 4th quarter. Nierenberg Investment Management Company Inc. now owns 1,286,422 shares of the savings and loans company’s stock valued at $7,384,000 after buying an additional 225,822 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Riverview Bancorp by 17.6% during the 4th quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company’s stock worth $5,415,000 after buying an additional 141,400 shares during the period. Fourthstone LLC raised its stake in Riverview Bancorp by 3.5% during the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after buying an additional 60,195 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Riverview Bancorp during the 4th quarter worth $224,000. Finally, Pacific Ridge Capital Partners LLC raised its stake in Riverview Bancorp by 2.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company’s stock worth $3,739,000 after buying an additional 15,395 shares during the period. 69.60% of the stock is 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.
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