Ritholtz Wealth Management Purchases New Position in Riverview Bancorp Inc $RVSB

Ritholtz Wealth Management purchased a new stake in shares of Riverview Bancorp Inc (NASDAQ:RVSB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 22,968 shares of the savings and loans company’s stock, valued at approximately $126,000.

Other institutional investors also recently modified their holdings of the company. Columbia River Financial Group LLC purchased a new stake in shares of Riverview Bancorp during the 1st quarter valued at approximately $31,000. Jane Street Group LLC lifted its stake in shares of Riverview Bancorp by 204.1% during the 1st quarter. Jane Street Group LLC now owns 46,318 shares of the savings and loans company’s stock valued at $262,000 after buying an additional 31,085 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Riverview Bancorp by 7.4% during the 1st quarter. Empowered Funds LLC now owns 101,394 shares of the savings and loans company’s stock valued at $573,000 after buying an additional 6,988 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its stake in shares of Riverview Bancorp by 17.0% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 761,908 shares of the savings and loans company’s stock valued at $4,305,000 after buying an additional 110,466 shares in the last quarter. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RVSB has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings restated a “hold (c)” rating on shares of Riverview Bancorp in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Riverview Bancorp has an average rating of “Moderate Buy” and an average target price of $7.00.

Riverview Bancorp Stock Performance

NASDAQ RVSB opened at $5.31 on Thursday. Riverview Bancorp Inc has a 1 year low of $4.45 and a 1 year high of $6.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $111.24 million, a PE ratio of 22.13 and a beta of 0.61. The company’s 50 day simple moving average is $5.11 and its two-hundred day simple moving average is $5.45.

Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Tuesday, July 29th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Riverview Bancorp had a net margin of 6.95% and a return on equity of 3.22%. The business had revenue of $13.27 million for the quarter, compared to analysts’ expectations of $13.30 million. Analysts predict that Riverview Bancorp Inc will post 0.2 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Thursday, October 9th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. Riverview Bancorp’s dividend payout ratio is presently 33.33%.

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.