Riverview Bancorp, Inc. (NASDAQ:RVSB) Shares Sold by Fourthstone LLC

Fourthstone LLC trimmed its stake in Riverview Bancorp, Inc. (NASDAQ:RVSB - Free Report) by 7.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,654,141 shares of the savings and loans company's stock after selling 132,310 shares during the period. Riverview Bancorp makes up about 1.8% of Fourthstone LLC's portfolio, making the stock its 16th biggest position. Fourthstone LLC owned about 7.85% of Riverview Bancorp worth $9,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership acquired a new position in Riverview Bancorp in the 4th quarter worth approximately $224,000. Empowered Funds LLC grew its position in Riverview Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 94,406 shares of the savings and loans company's stock worth $540,000 after acquiring an additional 4,524 shares during the period. Geode Capital Management LLC boosted its position in shares of Riverview Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company's stock worth $988,000 after buying an additional 5,551 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in Riverview Bancorp by 2.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company's stock worth $3,739,000 after buying an additional 15,395 shares during the period. Finally, Nierenberg Investment Management Company Inc. raised its holdings in Riverview Bancorp by 21.3% in the fourth quarter. Nierenberg Investment Management Company Inc. now owns 1,286,422 shares of the savings and loans company's stock valued at $7,384,000 after acquiring an additional 225,822 shares in the last quarter. 69.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Riverview Bancorp in a research report on Friday, March 7th. They issued a "hold" rating for the company.

Riverview Bancorp Trading Up 1.4 %

Shares of RVSB traded up $0.08 during trading hours on Tuesday, hitting $5.76. The stock had a trading volume of 18,324 shares, compared to its average volume of 38,536. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.86 and a current ratio of 0.86. Riverview Bancorp, Inc. has a 12-month low of $3.30 and a 12-month high of $6.38. The company's fifty day simple moving average is $5.46 and its 200 day simple moving average is $5.37. The firm has a market cap of $120.82 million, a P/E ratio of 144.04 and a beta of 0.55.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.92%. Equities research analysts forecast that Riverview Bancorp, Inc. will post 0.2 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be paid a dividend of $0.02 per share. The ex-dividend date is Monday, April 14th. This represents a $0.08 annualized dividend and a yield of 1.39%. Riverview Bancorp's dividend payout ratio (DPR) is presently 200.00%.

Insider Buying and Selling

In other news, major shareholder Martin S. Friedman sold 50,500 shares of Riverview Bancorp stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $5.49, for a total value of $277,245.00. Following the completion of the transaction, the insider now owns 186,348 shares in the company, valued at approximately $1,023,050.52. The trade was a 21.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.90% of the stock is owned by corporate insiders.

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.