Riverview Bancorp, Inc. (NASDAQ:RVSB) Major Shareholder Martin S. Friedman Sells 50,500 Shares

Riverview Bancorp, Inc. (NASDAQ:RVSB - Get Free Report) major shareholder Martin S. Friedman sold 50,500 shares of Riverview Bancorp stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total transaction of $277,245.00. Following the transaction, the insider now directly owns 186,348 shares of the company's stock, valued at $1,023,050.52. This represents a 21.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Riverview Bancorp Stock Down 1.1 %

Shares of NASDAQ:RVSB traded down $0.06 during midday trading on Monday, hitting $5.31. 29,273 shares of the company's stock were exchanged, compared to its average volume of 30,550. 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 stock has a 50 day moving average price of $5.64 and a 200-day moving average price of $5.08. The company has a market cap of $111.88 million, a PE ratio of 132.78 and a beta of 0.77. Riverview Bancorp, Inc. has a 12 month low of $3.30 and a 12 month high of $5.89.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share 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 2.93%. On average, sell-side analysts anticipate that Riverview Bancorp, Inc. will post 0.2 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Thursday, January 2nd. Riverview Bancorp's payout ratio is 200.05%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Riverview Bancorp in a research note on Tuesday, February 11th. They issued a "hold" rating for the company.

Institutional Trading of Riverview Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of RVSB. Nierenberg Investment Management Company Inc. increased its holdings 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 acquiring an additional 225,822 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Riverview Bancorp by 17.6% in the 4th quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company's stock worth $5,415,000 after buying an additional 141,400 shares during the last quarter. Fourthstone LLC increased its holdings in shares of Riverview Bancorp by 3.5% in the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company's stock worth $8,414,000 after buying an additional 60,195 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Riverview Bancorp in the 4th quarter worth $224,000. Finally, Pacific Ridge Capital Partners LLC increased its holdings in shares of Riverview Bancorp by 2.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company's stock worth $3,739,000 after buying an additional 15,395 shares during the last quarter. Institutional investors own 69.60% of the company's stock.

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.