Riverview Bancorp, Inc. (NASDAQ:RVSB) Major Shareholder Martin S. Friedman Sells 186,348 Shares

Riverview Bancorp, Inc. (NASDAQ:RVSB) major shareholder Martin S. Friedman sold 186,348 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $5.18, for a total transaction of $965,282.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Riverview Bancorp Stock Down 0.2 %

Shares of RVSB stock traded down $0.01 during mid-day trading on Friday, reaching $5.29. 9,669 shares of the company’s stock traded hands, compared to its average volume of 33,783. Riverview Bancorp, Inc. has a 12 month low of $3.30 and a 12 month high of $5.89. The company has a market cap of $110.96 million, a P/E ratio of 132.28 and a beta of 0.75. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $5.43 and its 200-day moving average price is $5.16.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.92% and a net margin of 1.13%. On average, equities analysts expect that Riverview Bancorp, Inc. will post 0.2 earnings per share for the current fiscal year.

Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio is presently 200.00%.

Hedge Funds Weigh In On Riverview Bancorp

Large investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of Riverview Bancorp in the 4th quarter worth about $87,000. Arrowstreet Capital Limited Partnership purchased a new position in Riverview Bancorp in the 4th quarter worth about $224,000. Empowered Funds LLC raised its position in Riverview Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock worth $423,000 after buying an additional 4,556 shares during the last quarter. Geode Capital Management LLC raised its position in Riverview Bancorp by 2.7% in the 3rd 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 last quarter. Finally, Bridgeway Capital Management LLC raised its position in Riverview Bancorp by 1.2% in 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 during the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Riverview Bancorp in a report on Friday, March 7th. They set a “hold” rating on the stock.

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.