Dimensional Fund Advisors LP raised its position in Riverview Bancorp Inc (NASDAQ:RVSB) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,212,884 shares of the savings and loans company’s stock after buying an additional 36,196 shares during the period. Dimensional Fund Advisors LP owned approximately 5.39% of Riverview Bancorp worth $8,672,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in Riverview Bancorp by 29.8% in the fourth quarter. Renaissance Technologies LLC now owns 96,300 shares of the savings and loans company’s stock worth $674,000 after buying an additional 22,100 shares during the period. Acadian Asset Management LLC raised its stake in Riverview Bancorp by 44.5% in the first quarter. Acadian Asset Management LLC now owns 71,931 shares of the savings and loans company’s stock worth $514,000 after buying an additional 22,138 shares during the period. Polaris Greystone Financial Group LLC acquired a new stake in Riverview Bancorp during the first quarter worth about $286,000. Bank of New York Mellon Corp raised its stake in Riverview Bancorp by 70.1% in the first quarter. Bank of New York Mellon Corp now owns 40,552 shares of the savings and loans company’s stock worth $290,000 after buying an additional 16,718 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in Riverview Bancorp during the first quarter worth about $484,000. Institutional investors own 56.03% of the company’s stock.
Shares of Riverview Bancorp Inc (RVSB) traded up 0.37% during midday trading on Friday, hitting $8.06. 60,038 shares of the stock were exchanged. The firm has a 50 day moving average of $7.73 and a 200 day moving average of $7.29. Riverview Bancorp Inc has a 12-month low of $4.91 and a 12-month high of $8.16. The firm has a market cap of $181.38 million, a P/E ratio of 21.78 and a beta of 0.30.
Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Riverview Bancorp had a net margin of 17.19% and a return on equity of 7.51%. The company had revenue of $13.17 million during the quarter, compared to the consensus estimate of $13.20 million. Equities analysts forecast that Riverview Bancorp Inc will post $0.52 EPS for the current fiscal year.
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A number of equities research analysts have issued reports on RVSB shares. Zacks Investment Research lowered shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, May 6th. ValuEngine upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
About Riverview Bancorp
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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