BlackRock Inc. Makes New Investment in Riverview Bancorp Inc $RVSB

BlackRock Inc. purchased a new stake in shares of Riverview Bancorp Inc (NASDAQ:RVSB - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,296,799 shares of the savings and loans company's stock, valued at approximately $7,042,000. BlackRock Inc. owned approximately 6.43% of Riverview Bancorp at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in Riverview Bancorp by 4.0% during the fourth quarter. Barclays PLC now owns 86,231 shares of the savings and loans company's stock valued at $433,000 after buying an additional 3,325 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Riverview Bancorp by 122.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company's stock valued at $34,000 after acquiring an additional 3,524 shares during the last quarter. American Century Companies Inc. increased its position in shares of Riverview Bancorp by 3.8% in the second quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company's stock worth $636,000 after purchasing an additional 4,206 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Riverview Bancorp by 4.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 122,631 shares of the savings and loans company's stock worth $616,000 after purchasing an additional 5,359 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Riverview Bancorp by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 471,324 shares of the savings and loans company's stock valued at $2,366,000 after purchasing an additional 5,793 shares in the last quarter. Institutional investors own 69.60% of the company's stock.

Analyst Upgrades and Downgrades

RVSB has been the topic of a number of research reports. Weiss Ratings raised Riverview Bancorp from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, August 25th. Wall Street Zen upgraded shares of Riverview Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce".

Insider Activity at Riverview Bancorp

In related news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the company's stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $5.25, for a total transaction of $26,250.00. Following the transaction, the insider directly owned 89,388 shares in the company, valued at approximately $469,287. This represents a 5.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have bought 4,250 shares of company stock worth $22,288. 3.90% of the stock is currently owned by insiders.

Riverview Bancorp Price Performance

NASDAQ:RVSB opened at $5.32 on Friday. The company has a market capitalization of $106.15 million, a P/E ratio of -28.00 and a beta of 0.48. The business's 50-day moving average is $5.28 and its 200 day moving average is $5.41. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. Riverview Bancorp Inc has a 12 month low of $4.81 and a 12 month high of $6.22.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last posted its earnings results on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The firm had revenue of $15.01 million for the quarter, compared to the consensus estimate of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%. On average, equities research analysts forecast that Riverview Bancorp Inc will post 0.28 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Thursday, July 9th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, July 9th. Riverview Bancorp's dividend payout ratio (DPR) is -42.11%.

Riverview Bancorp Profile

Riverview Bancorp, Inc NASDAQ: RVSB is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company's deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.

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