Insider Selling: Riverview Bancorp, Inc. (NASDAQ:RVSB) Major Shareholder Sells 186,348 Shares of Stock

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

Riverview Bancorp Stock Down 2.1 %

Shares of NASDAQ:RVSB opened at $5.19 on Friday. Riverview Bancorp, Inc. has a one year low of $3.30 and a one year high of $5.89. The company has a 50 day moving average of $5.42 and a 200-day moving average of $5.16. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $108.87 million, a price-to-earnings ratio of 129.78 and a beta of 0.75.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.92%. On average, sell-side analysts forecast that Riverview Bancorp, Inc. will post 0.2 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.08 annualized dividend and a dividend yield of 1.54%. Riverview Bancorp’s dividend payout ratio is currently 200.00%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Riverview Bancorp

Several institutional investors and hedge funds have recently modified their holdings of RVSB. Empowered Funds LLC lifted its holdings in shares of Riverview Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock worth $423,000 after acquiring an additional 4,556 shares during the last quarter. Fourthstone LLC grew its position in shares of Riverview Bancorp by 3.5% during the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after buying an additional 60,195 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 valued at $988,000 after acquiring an additional 5,551 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of Riverview Bancorp by 2.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company’s stock valued at $3,739,000 after acquiring an additional 15,395 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Riverview Bancorp during the 4th quarter valued at $224,000. 69.60% of the stock is currently owned by institutional investors and hedge funds.

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.