Goldman Sachs Group Inc. raised its holdings in Riverview Bancorp Inc (NASDAQ:RVSB) by 230.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 62,084 shares of the savings and loans company’s stock after purchasing an additional 43,308 shares during the quarter. Goldman Sachs Group Inc. owned 0.28% of Riverview Bancorp worth $412,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of RVSB. Rhumbline Advisers purchased a new stake in Riverview Bancorp in the second quarter valued at $133,000. Nationwide Fund Advisors boosted its holdings in Riverview Bancorp by 278.8% in the second quarter. Nationwide Fund Advisors now owns 22,013 shares of the savings and loans company’s stock valued at $146,000 after purchasing an additional 16,202 shares during the last quarter. PDT Partners LLC purchased a new stake in Riverview Bancorp in the second quarter valued at $151,000. Martingale Asset Management L P purchased a new stake in Riverview Bancorp in the second quarter valued at $191,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Riverview Bancorp in the second quarter valued at $216,000. 56.10% of the stock is currently owned by institutional investors.
Riverview Bancorp Inc (RVSB) opened at $8.46 on Wednesday. The firm has a market cap of $194.47, a PE ratio of 19.61 and a beta of 0.51. Riverview Bancorp Inc has a 1 year low of $5.55 and a 1 year high of $9.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.86 and a quick ratio of 0.86.
Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $13.44 million during the quarter, compared to the consensus estimate of $13.10 million. Riverview Bancorp had a net margin of 18.90% and a return on equity of 8.63%. sell-side analysts expect that Riverview Bancorp Inc will post 0.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Friday, October 13th were given a $0.0225 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.06%. Riverview Bancorp’s dividend payout ratio (DPR) is currently 20.46%.
Several research firms have commented on RVSB. Zacks Investment Research raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Wednesday, August 16th. ValuEngine raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating in a report on Friday, October 27th.
In other Riverview Bancorp news, EVP Richard S. Michalek sold 12,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $8.77, for a total value of $105,240.00. Following the completion of the transaction, the executive vice president now owns 14,477 shares in the company, valued at $126,963.29. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.41% of the company’s stock.
Riverview Bancorp Profile
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).
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