Rhumbline Advisers Purchases Shares of 20,088 Riverview Bancorp Inc (RVSB)
Rhumbline Advisers purchased a new position in shares of Riverview Bancorp Inc (NASDAQ:RVSB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,088 shares of the savings and loans company’s stock, valued at approximately $133,000. Rhumbline Advisers owned approximately 0.09% of Riverview Bancorp at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Schwab Charles Investment Management Inc. acquired a new position in shares of Riverview Bancorp during the second quarter worth $216,000. Spark Investment Management LLC increased its position in shares of Riverview Bancorp by 19.5% during the second quarter. Spark Investment Management LLC now owns 41,100 shares of the savings and loans company’s stock worth $272,000 after purchasing an additional 6,700 shares in the last quarter. Thomson Horstmann & Bryant Inc. increased its position in shares of Riverview Bancorp by 92.4% during the second quarter. Thomson Horstmann & Bryant Inc. now owns 501,747 shares of the savings and loans company’s stock worth $3,331,000 after purchasing an additional 240,968 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Riverview Bancorp by 27.4% during the first quarter. Goldman Sachs Group Inc. now owns 18,776 shares of the savings and loans company’s stock worth $134,000 after purchasing an additional 4,038 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Riverview Bancorp by 11.0% during the first quarter. Renaissance Technologies LLC now owns 106,900 shares of the savings and loans company’s stock worth $764,000 after purchasing an additional 10,600 shares in the last quarter. 55.93% of the stock is currently owned by institutional investors and hedge funds.
Riverview Bancorp Inc (NASDAQ RVSB) opened at 8.82 on Thursday. Riverview Bancorp Inc has a 12 month low of $5.06 and a 12 month high of $8.97. The stock’s 50 day moving average price is $8.33 and its 200-day moving average price is $7.48. The firm has a market capitalization of $198.49 million, a P/E ratio of 23.84 and a beta of 0.30.
Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Riverview Bancorp had a net margin of 17.19% and a return on equity of 7.51%. The business had revenue of $13.17 million during the quarter, compared to analysts’ expectations of $13.20 million. Equities analysts forecast that Riverview Bancorp Inc will post $0.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Friday, October 13th will be paid a dividend of $0.0225 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.09 annualized dividend and a yield of 1.02%. Riverview Bancorp’s dividend payout ratio is currently 24.32%.
A number of equities analysts have recently issued reports on the company. ValuEngine downgraded Riverview Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research raised Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Thursday, August 31st.
COPYRIGHT VIOLATION WARNING: This story was first published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.watchlistnews.com/rhumbline-advisers-purchases-shares-of-20088-riverview-bancorp-inc-rvsb/1640090.html.
About Riverview Bancorp
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).
Want to see what other hedge funds are holding RVSB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Riverview Bancorp Inc (NASDAQ:RVSB).
Receive News & Ratings for Riverview Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.