Polaris Greystone Financial Group LLC Decreases Stake in Riverview Bancorp Inc (RVSB)
Polaris Greystone Financial Group LLC reduced its stake in Riverview Bancorp Inc (NASDAQ:RVSB) by 53.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,002 shares of the savings and loans company’s stock after selling 15,000 shares during the period. Polaris Greystone Financial Group LLC owned approximately 0.06% of Riverview Bancorp worth $109,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of RVSB. Bank of New York Mellon Corp lifted its stake in Riverview Bancorp by 70.1% during the first quarter. Bank of New York Mellon Corp now owns 40,552 shares of the savings and loans company’s stock worth $290,000 after purchasing an additional 16,718 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Riverview Bancorp by 65.0% during the first quarter. JPMorgan Chase & Co. now owns 33,417 shares of the savings and loans company’s stock worth $239,000 after purchasing an additional 13,159 shares during the last quarter. Geode Capital Management LLC lifted its stake in Riverview Bancorp by 222.2% during the first quarter. Geode Capital Management LLC now owns 169,305 shares of the savings and loans company’s stock worth $1,210,000 after purchasing an additional 116,756 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Riverview Bancorp by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,212,884 shares of the savings and loans company’s stock worth $8,672,000 after purchasing an additional 36,196 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Riverview Bancorp by 11.0% in the 1st quarter. Renaissance Technologies LLC now owns 106,900 shares of the savings and loans company’s stock valued at $764,000 after acquiring an additional 10,600 shares during the last quarter. Institutional investors and hedge funds own 55.68% of the company’s stock.
Riverview Bancorp Inc (NASDAQ RVSB) remained flat at $$8.80 during midday trading on Tuesday. 24,775 shares of the company’s stock were exchanged, compared to its average volume of 55,190. The firm has a market capitalization of $198.30, a price-to-earnings ratio of 20.00 and a beta of 0.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.85 and a quick ratio of 0.85. Riverview Bancorp Inc has a one year low of $5.18 and a one year high of $9.05.
Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $13.44 million during the quarter, compared to the consensus estimate of $13.10 million. Riverview Bancorp had a return on equity of 8.73% and a net margin of 18.90%. research analysts forecast that Riverview Bancorp Inc will post 0.55 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Friday, October 13th were paid a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, October 12th. Riverview Bancorp’s dividend payout ratio (DPR) is presently 20.46%.
RVSB has been the subject of a number of research reports. ValuEngine cut Riverview Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a report on Thursday, August 3rd.
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In related news, EVP Richard S. Michalek sold 12,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $8.77, for a total value of $105,240.00. Following the completion of the transaction, the executive vice president now owns 14,477 shares of the company’s stock, valued at approximately $126,963.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.41% of the company’s stock.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
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