Geode Capital Management LLC raised its stake in Riverview Bancorp Inc (NASDAQ:RVSB) by 222.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 169,305 shares of the savings and loans company’s stock after buying an additional 116,756 shares during the quarter. Geode Capital Management LLC owned 0.75% of Riverview Bancorp worth $1,210,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. ClariVest Asset Management LLC acquired a new position in Riverview Bancorp in the 1st quarter valued at approximately $150,000. Segantii Capital Management Ltd increased its stake in Riverview Bancorp by 566.1% in the 1st quarter. Segantii Capital Management Ltd now owns 25,978 shares of the savings and loans company’s stock valued at $186,000 after buying an additional 22,078 shares during the period. JPMorgan Chase & Co. increased its stake in Riverview Bancorp by 65.0% in the 1st quarter. JPMorgan Chase & Co. now owns 33,417 shares of the savings and loans company’s stock valued at $239,000 after buying an additional 13,159 shares during the period. Spark Investment Management LLC increased its stake in Riverview Bancorp by 19.4% in the 1st quarter. Spark Investment Management LLC now owns 34,400 shares of the savings and loans company’s stock valued at $245,000 after buying an additional 5,600 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in Riverview Bancorp by 78.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 40,027 shares of the savings and loans company’s stock valued at $286,000 after buying an additional 17,583 shares during the period. Hedge funds and other institutional investors own 56.03% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Thursday, August 31st. ValuEngine lowered shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.
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Riverview Bancorp Inc (RVSB) traded down 1.99% on Tuesday, reaching $7.90. 22,921 shares of the company’s stock traded hands. Riverview Bancorp Inc has a 52-week low of $5.01 and a 52-week high of $8.16. The firm has a market cap of $177.78 million, a price-to-earnings ratio of 21.35 and a beta of 0.31. The stock’s 50 day moving average is $7.73 and its 200 day moving average is $7.29.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $13.20 million. On average, equities research analysts predict that Riverview Bancorp Inc will post $0.52 EPS for the current fiscal year.
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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