Arrowstreet Capital Limited Partnership Takes $224,000 Position in Riverview Bancorp, Inc. (NASDAQ:RVSB)

Arrowstreet Capital Limited Partnership bought a new position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 39,027 shares of the savings and loans company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also bought and sold shares of RVSB. Geode Capital Management LLC lifted its position in Riverview Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock worth $988,000 after acquiring an additional 5,551 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Riverview Bancorp by 5.0% during the fourth quarter. Empowered Funds LLC now owns 94,406 shares of the savings and loans company’s stock worth $540,000 after purchasing an additional 4,524 shares during the period. Finally, Pacific Ridge Capital Partners LLC lifted its holdings 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 purchasing an additional 15,395 shares during the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

Riverview Bancorp Trading Down 1.6 %

RVSB stock opened at $5.69 on Monday. Riverview Bancorp, Inc. has a 52 week low of $3.30 and a 52 week high of $6.38. The company has a market capitalization of $119.35 million, a PE ratio of 142.29 and a beta of 0.55. The company’s 50-day simple moving average is $5.43 and its 200 day simple moving average is $5.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.86 and a current ratio of 0.86.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.92%. As a group, sell-side analysts anticipate that Riverview Bancorp, Inc. will post 0.2 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.08 dividend on an annualized basis and a yield of 1.41%. Riverview Bancorp’s dividend payout ratio (DPR) is presently 200.00%.

Insider Buying and Selling at Riverview Bancorp

In related news, major shareholder Martin S. Friedman sold 186,348 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $5.18, for a total value of $965,282.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Riverview Bancorp in a report on Friday, March 7th. They issued a “hold” rating on the 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.