FineMark National Bank & Trust maintained its stake in shares of Riverview Bancorp Inc (NASDAQ:RVSB) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 14,992 shares of the savings and loans company’s stock at the end of the second quarter. FineMark National Bank & Trust owned approximately 0.07% of Riverview Bancorp worth $100,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of Riverview Bancorp by 27.4% in the first quarter. Goldman Sachs Group Inc. now owns 18,776 shares of the savings and loans company’s stock worth $134,000 after buying an additional 4,038 shares during the last quarter. Spark Investment Management LLC boosted its position in Riverview Bancorp by 19.4% in the first quarter. Spark Investment Management LLC now owns 34,400 shares of the savings and loans company’s stock worth $245,000 after buying an additional 5,600 shares during the period. Renaissance Technologies LLC boosted its position in Riverview Bancorp by 11.0% in the first quarter. Renaissance Technologies LLC now owns 106,900 shares of the savings and loans company’s stock worth $764,000 after buying an additional 10,600 shares during the period. JPMorgan Chase & Co. boosted its position in Riverview Bancorp by 65.0% in the first quarter. JPMorgan Chase & Co. now owns 33,417 shares of the savings and loans company’s stock worth $239,000 after buying an additional 13,159 shares during the period. Finally, Bank of New York Mellon Corp boosted its position 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. 54.01% of the stock is currently owned by institutional investors and hedge funds.
Riverview Bancorp Inc (RVSB) traded down 1.89% during mid-day trading on Friday, reaching $7.80. 85,717 shares of the company traded hands. The stock has a market capitalization of $175.53 million, a price-to-earnings ratio of 21.08 and a beta of 0.28. Riverview Bancorp Inc has a 12-month low of $4.86 and a 12-month high of $8.16. The company’s 50-day moving average is $7.27 and its 200-day moving average is $7.27.
Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Tuesday, July 25th. The savings and loans company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Riverview Bancorp had a return on equity of 7.51% and a net margin of 17.19%. The firm had revenue of $13.17 million for the quarter, compared to the consensus estimate of $13.20 million. Equities analysts predict that Riverview Bancorp Inc will post $0.52 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, July 14th were paid a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a yield of 1.15%. This is an increase from Riverview Bancorp’s previous quarterly dividend of $0.02. The ex-dividend date was Wednesday, July 12th. Riverview Bancorp’s payout ratio is 24.32%.
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RVSB has been the subject of a number of research reports. ValuEngine upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, May 17th.
In related news, Director Ancora Advisors, Llc sold 900,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $6.50, for a total transaction of $5,850,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.41% of the stock is owned by insiders.
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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