Spark Investment Management LLC increased its position in Riverview Bancorp Inc (NASDAQ:RVSB) by 19.5% during the second quarter, Holdings Channel reports. The fund owned 41,100 shares of the savings and loans company’s stock after buying an additional 6,700 shares during the period. Spark Investment Management LLC’s holdings in Riverview Bancorp were worth $272,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Riverview Bancorp by 27.4% in the first quarter. Goldman Sachs Group Inc. now owns 18,776 shares of the savings and loans company’s stock worth $134,000 after buying an additional 4,038 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Riverview Bancorp by 11.0% in the first quarter. Renaissance Technologies LLC now owns 106,900 shares of the savings and loans company’s stock worth $764,000 after buying an additional 10,600 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Riverview Bancorp by 65.0% in the first quarter. JPMorgan Chase & Co. now owns 33,417 shares of the savings and loans company’s stock worth $239,000 after buying an additional 13,159 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Riverview Bancorp by 70.1% in 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 buying an additional 16,718 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Riverview Bancorp by 78.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 40,027 shares of the savings and loans company’s stock worth $286,000 after buying an additional 17,583 shares during the last quarter. Institutional investors and hedge funds own 55.59% of the company’s stock.

Shares of Riverview Bancorp Inc (RVSB) opened at 8.00 on Wednesday. The stock has a market cap of $180.03 million, a PE ratio of 21.62 and a beta of 0.28. The company’s 50 day moving average price is $7.35 and its 200 day moving average price is $7.26. Riverview Bancorp Inc has a 52-week low of $4.91 and a 52-week high of $8.16.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The business had revenue of $13.17 million during the quarter, compared to analysts’ expectations of $13.20 million. Riverview Bancorp had a return on equity of 7.51% and a net margin of 17.19%. On average, analysts anticipate that Riverview Bancorp Inc will post $0.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, July 14th were issued a $0.0225 dividend. This is a boost from Riverview Bancorp’s previous quarterly dividend of $0.02. The ex-dividend date was Wednesday, July 12th. This represents a $0.09 dividend on an annualized basis and a yield of 1.13%. Riverview Bancorp’s dividend payout ratio is presently 24.32%.

TRADEMARK VIOLATION NOTICE: “Spark Investment Management LLC Has $272,000 Stake in Riverview Bancorp Inc (RVSB)” was first reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.watchlistnews.com/spark-investment-management-llc-has-272000-stake-in-riverview-bancorp-inc-rvsb/1493119.html.

Several research firms recently issued reports on RVSB. Zacks Investment Research cut Riverview Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut Riverview Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, July 28th.

In related news, Director Ancora Advisors, Llc sold 900,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $6.50, for a total value of $5,850,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.41% of the company’s stock.

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).

Institutional Ownership by Quarter for Riverview Bancorp (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.