Riverview Bancorp, Inc. (NASDAQ:RVSB) Major Shareholder Martin S. Friedman Sells 50,500 Shares of Stock

Riverview Bancorp, Inc. (NASDAQ:RVSB) major shareholder Martin S. Friedman sold 50,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total value of $277,245.00. Following the completion of the sale, the insider now owns 186,348 shares in the company, valued at approximately $1,023,050.52. This represents a 21.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Riverview Bancorp Price Performance

Shares of Riverview Bancorp stock opened at $5.37 on Friday. The firm has a market cap of $113.15 million, a PE ratio of 134.28 and a beta of 0.77. The business has a 50-day moving average price of $5.65 and a 200 day moving average price of $5.06. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. Riverview Bancorp, Inc. has a twelve month low of $3.30 and a twelve month high of $5.89.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.93% and a net margin of 1.13%. Sell-side analysts predict that Riverview Bancorp, Inc. will post 0.2 earnings per share for the current fiscal year.

Riverview Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio is presently 200.05%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Riverview Bancorp in a research report on Tuesday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fourthstone LLC lifted its stake in Riverview Bancorp by 3.5% in the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock valued at $8,414,000 after buying an additional 60,195 shares in the last quarter. Nierenberg Investment Management Company Inc. lifted its position in shares of 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. Pacific Ridge Capital Partners LLC boosted its stake in shares of Riverview Bancorp by 2.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company’s stock worth $3,739,000 after acquiring an additional 15,395 shares during the last quarter. Geode Capital Management LLC increased 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 purchasing an additional 5,551 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Riverview Bancorp by 5.0% in the 4th quarter. Empowered Funds LLC now owns 94,406 shares of the savings and loans company’s stock valued at $540,000 after purchasing an additional 4,524 shares during the last quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.

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.