FJ Capital Management LLC Sells 260,599 Shares of Riverview Bancorp Inc $RVSB

Key Points

• FJ Capital Management LLC reduced its stake in Riverview Bancorp by 12% during the 1st quarter, now owning approximately 1.9 million shares valued at $10.8 million.
• Riverview Bancorp reported a quarterly earnings per share of $0.06, beating analysts' expectations of $0.05, while the company had a revenue of $13.27 million.
• The firm declared a quarterly dividend of $0.02 per share with an annualized yield of 1.6%, reflecting a payout ratio of 33.33%.

FJ Capital Management LLC reduced its stake in shares of Riverview Bancorp Inc (NASDAQ:RVSB - Free Report) by 12.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,912,970 shares of the savings and loans company's stock after selling 260,599 shares during the quarter. Riverview Bancorp comprises about 1.1% of FJ Capital Management LLC's investment portfolio, making the stock its 27th biggest position. FJ Capital Management LLC owned 9.12% of Riverview Bancorp worth $10,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its stake in Riverview Bancorp by 0.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 948,801 shares of the savings and loans company's stock worth $5,446,000 after acquiring an additional 2,496 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Riverview Bancorp by 17.6% during the fourth quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company's stock worth $5,415,000 after acquiring an additional 141,400 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Riverview Bancorp by 17.0% during the first quarter. Pacific Ridge Capital Partners LLC now owns 761,908 shares of the savings and loans company's stock worth $4,305,000 after acquiring an additional 110,466 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in Riverview Bancorp by 1.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company's stock worth $1,460,000 after acquiring an additional 2,924 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Riverview Bancorp during the fourth quarter worth approximately $87,000. 69.60% of the stock is owned by institutional investors.

Riverview Bancorp Trading Up 0.8%

NASDAQ RVSB traded up $0.04 during trading hours on Friday, hitting $5.04. 44,637 shares of the company were exchanged, compared to its average volume of 44,107. The stock has a 50-day moving average price of $5.25 and a 200 day moving average price of $5.50. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.81. Riverview Bancorp Inc has a 52 week low of $4.31 and a 52 week high of $6.59. The stock has a market cap of $105.59 million, a PE ratio of 21.00 and a beta of 0.59.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last released its earnings results on Tuesday, July 29th. The savings and loans company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $13.27 million for the quarter, compared to analysts' expectations of $13.30 million. Riverview Bancorp had a return on equity of 3.22% and a net margin of 6.95%. Analysts forecast that Riverview Bancorp Inc will post 0.2 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Thursday, July 10th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.6%. Riverview Bancorp's dividend payout ratio is currently 33.33%.

About Riverview Bancorp

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.