Riverview Bancorp, Inc. (NASDAQ:RVSB) Major Shareholder Martin S. Friedman Sells 50,500 Shares

Riverview Bancorp, Inc. (NASDAQ:RVSB) major shareholder Martin S. Friedman sold 50,500 shares of Riverview Bancorp stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total transaction of $277,245.00. Following the completion of the transaction, the insider now directly owns 186,348 shares of the company’s stock, valued at approximately $1,023,050.52. This represents a 21.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Riverview Bancorp Stock Performance

Shares of RVSB opened at $5.31 on Friday. Riverview Bancorp, Inc. has a 1 year low of $3.30 and a 1 year high of $5.89. The company has a market cap of $111.88 million, a price-to-earnings ratio of 132.78 and a beta of 0.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a fifty day moving average of $5.64 and a 200-day moving average of $5.07.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.93%. As a group, equities analysts anticipate that Riverview Bancorp, Inc. will post 0.2 earnings per share for the current year.

Riverview Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio (DPR) is 200.05%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Riverview Bancorp in a report on Tuesday, February 11th. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Riverview Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of RVSB. Empowered Funds LLC boosted its holdings in shares of Riverview Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after acquiring an additional 4,556 shares during the period. Fourthstone LLC lifted its holdings in Riverview Bancorp by 3.5% in the third quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after purchasing an additional 60,195 shares during the period. Geode Capital Management LLC lifted its holdings 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 during the period. Pacific Ridge Capital Partners LLC lifted its holdings in Riverview Bancorp by 2.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company’s stock worth $3,739,000 after purchasing an additional 15,395 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Riverview Bancorp in the fourth quarter worth about $224,000. Institutional investors and hedge funds own 69.60% of the company’s stock.

Riverview Bancorp Company Profile

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.