Pacific Ridge Capital Partners LLC Increases Position in Riverview Bancorp Inc (NASDAQ:RVSB)

Pacific Ridge Capital Partners LLC boosted its holdings in shares of Riverview Bancorp Inc (NASDAQ:RVSB - Free Report) by 17.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 761,908 shares of the savings and loans company's stock after purchasing an additional 110,466 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 3.63% of Riverview Bancorp worth $4,305,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Columbia River Financial Group LLC acquired a new stake in shares of Riverview Bancorp in the first quarter valued at about $31,000. Jane Street Group LLC purchased a new position in Riverview Bancorp in the 4th quarter valued at about $87,000. Arrowstreet Capital Limited Partnership acquired a new stake in Riverview Bancorp in the 4th quarter worth about $224,000. Bridgeway Capital Management LLC increased its stake in Riverview Bancorp by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company's stock worth $1,460,000 after buying an additional 2,924 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of 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 valued at $5,415,000 after acquiring an additional 141,400 shares during the last quarter. 69.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Raymond James Financial reaffirmed an "outperform" rating and issued a $7.00 price target (up from $6.25) on shares of Riverview Bancorp in a research note on Friday, May 2nd.

Riverview Bancorp Price Performance

Riverview Bancorp stock opened at $4.82 on Friday. The company has a fifty day simple moving average of $5.49 and a 200-day simple moving average of $5.59. The firm has a market capitalization of $101.12 million, a price-to-earnings ratio of 20.08 and a beta of 0.50. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.66. Riverview Bancorp Inc has a 52-week low of $4.31 and a 52-week high of $6.59.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The savings and loans company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. Riverview Bancorp had a net margin of 6.95% and a return on equity of 3.23%. The firm had revenue of $13.27 million for the quarter, compared to analyst estimates of $13.30 million. On average, equities analysts anticipate that Riverview Bancorp Inc will post 0.2 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Thursday, July 10th were given a $0.02 dividend. The ex-dividend date was Thursday, July 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.7%. Riverview Bancorp's dividend payout ratio is 33.33%.

Riverview Bancorp declared that its Board of Directors has approved a share buyback program on Tuesday, April 29th that authorizes the company to buyback $2.00 million in outstanding shares. This buyback authorization authorizes the savings and loans company to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

Riverview Bancorp Profile

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.

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