Fourthstone LLC Lowers Stock Holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB)

Fourthstone LLC cut its position in Riverview Bancorp, Inc. (NASDAQ:RVSB - Free Report) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,654,141 shares of the savings and loans company's stock after selling 132,310 shares during the quarter. Riverview Bancorp makes up approximately 1.8% of Fourthstone LLC's investment portfolio, making the stock its 16th largest holding. Fourthstone LLC owned about 7.85% of Riverview Bancorp worth $9,462,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new position in shares of Riverview Bancorp during the 4th quarter worth approximately $224,000. Empowered Funds LLC increased its position in shares of Riverview Bancorp by 5.0% during the fourth quarter. Empowered Funds LLC now owns 94,406 shares of the savings and loans company's stock worth $540,000 after purchasing an additional 4,524 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Riverview Bancorp by 2.7% during 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 purchasing an additional 5,551 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Riverview Bancorp by 2.4% during 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 purchasing an additional 15,395 shares during the last quarter. Finally, Nierenberg Investment Management Company Inc. grew its stake in Riverview Bancorp by 21.3% during the 4th quarter. Nierenberg Investment Management Company Inc. now owns 1,286,422 shares of the savings and loans company's stock worth $7,384,000 after buying an additional 225,822 shares during the last quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Riverview Bancorp in a research note on Friday, March 7th. They issued a "hold" rating for the company.

Riverview Bancorp Stock Performance

Shares of NASDAQ RVSB traded up $0.03 during mid-day trading on Friday, hitting $5.75. The stock had a trading volume of 88,754 shares, compared to its average volume of 38,498. The firm has a market cap of $120.61 million, a PE ratio of 143.79 and a beta of 0.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50 day moving average of $5.45 and a two-hundred day moving average of $5.36. Riverview Bancorp, Inc. has a twelve month low of $3.30 and a twelve month high of $6.38.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last issued its earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.92%. Research analysts predict that Riverview Bancorp, Inc. will post 0.2 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 14th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.08 annualized dividend and a dividend yield of 1.39%. Riverview Bancorp's dividend payout ratio (DPR) is presently 200.00%.

Insider Buying and Selling

In other Riverview Bancorp news, major shareholder Martin S. Friedman sold 186,348 shares of Riverview Bancorp stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $5.18, for a total transaction of $965,282.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by insiders.

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.