21,874 Shares in Riverview Bancorp, Inc. (NASDAQ:RVSB) Acquired by Patriot Financial Partners GP LP

Patriot Financial Partners GP LP purchased a new position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,874 shares of the savings and loans company’s stock, valued at approximately $161,000. Riverview Bancorp makes up 0.1% of Patriot Financial Partners GP LP’s investment portfolio, making the stock its 15th biggest position. Patriot Financial Partners GP LP owned approximately 0.10% of Riverview Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rhumbline Advisers increased its holdings in Riverview Bancorp by 8.8% during the 3rd quarter. Rhumbline Advisers now owns 33,391 shares of the savings and loans company’s stock worth $246,000 after purchasing an additional 2,700 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Riverview Bancorp by 6.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 50,375 shares of the savings and loans company’s stock worth $431,000 after purchasing an additional 3,085 shares during the period. LSV Asset Management increased its holdings in Riverview Bancorp by 6.5% during the 2nd quarter. LSV Asset Management now owns 62,500 shares of the savings and loans company’s stock worth $533,000 after purchasing an additional 3,821 shares during the period. California Public Employees Retirement System increased its holdings in Riverview Bancorp by 5.8% during the 3rd quarter. California Public Employees Retirement System now owns 73,355 shares of the savings and loans company’s stock worth $541,000 after purchasing an additional 4,000 shares during the period. Finally, Mackay Shields LLC increased its holdings in Riverview Bancorp by 38.8% during the 3rd quarter. Mackay Shields LLC now owns 16,094 shares of the savings and loans company’s stock worth $119,000 after purchasing an additional 4,500 shares during the period. Hedge funds and other institutional investors own 62.49% of the company’s stock.

RVSB has been the topic of several recent research reports. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a report on Wednesday. Raymond James cut their price target on Riverview Bancorp from $9.00 to $8.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, ValuEngine downgraded Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

In other news, Director Gerald Lee Nies acquired 10,000 shares of Riverview Bancorp stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $7.58 per share, with a total value of $75,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Nierenberg acquired 20,000 shares of Riverview Bancorp stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average cost of $6.85 per share, with a total value of $137,000.00. The disclosure for this purchase can be found here. Insiders own 6.20% of the company’s stock.

Shares of RVSB traded down $0.13 during mid-day trading on Friday, reaching $7.37. The company’s stock had a trading volume of 22,100 shares, compared to its average volume of 43,552. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50 day moving average is $7.34 and its 200 day moving average is $7.70. The stock has a market cap of $168.82 million, a PE ratio of 9.70 and a beta of 0.64. Riverview Bancorp, Inc. has a 12-month low of $5.46 and a 12-month high of $8.70.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $14.89 million during the quarter, compared to analysts’ expectations of $14.80 million. Riverview Bancorp had a return on equity of 12.99% and a net margin of 27.79%. As a group, sell-side analysts anticipate that Riverview Bancorp, Inc. will post 0.77 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.18 annualized dividend and a yield of 2.44%. Riverview Bancorp’s dividend payout ratio is presently 23.68%.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and 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.

Read More: Stock Symbols and CUSIP Explained

Institutional Ownership by Quarter for Riverview Bancorp (NASDAQ:RVSB)

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