Fourthstone LLC Has $8.41 Million Position in Riverview Bancorp, Inc. (NASDAQ:RVSB)

Fourthstone LLC grew its holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,786,451 shares of the savings and loans company’s stock after buying an additional 60,195 shares during the quarter. Riverview Bancorp makes up 1.9% of Fourthstone LLC’s portfolio, making the stock its 17th largest position. Fourthstone LLC owned 0.08% of Riverview Bancorp worth $8,414,000 as of its most recent SEC filing.

Separately, Empowered Funds LLC raised its stake 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. 69.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Riverview Bancorp in a research note on Sunday, November 3rd. They set a “hold” rating on the stock.

Riverview Bancorp Trading Down 0.5 %

Shares of NASDAQ RVSB traded down $0.03 during midday trading on Thursday, hitting $5.58. The stock had a trading volume of 17,323 shares, compared to its average volume of 28,994. The firm has a market cap of $117.57 million, a P/E ratio of 111.60 and a beta of 0.76. Riverview Bancorp, Inc. has a fifty-two week low of $3.30 and a fifty-two week high of $6.57. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50-day simple moving average is $4.80 and its 200 day simple moving average is $4.43.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $18.78 million during the quarter, compared to analyst estimates of $12.20 million. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. Research analysts anticipate that Riverview Bancorp, Inc. will post 0.18 EPS for the current year.

Riverview Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, October 7th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Monday, October 7th. Riverview Bancorp’s dividend payout ratio (DPR) is 160.00%.

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.