Nierenberg Investment Management Company Inc. Purchases 225,822 Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB)

Nierenberg Investment Management Company Inc. boosted its holdings in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB - Free Report) by 21.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,286,422 shares of the savings and loans company's stock after purchasing an additional 225,822 shares during the period. Riverview Bancorp makes up 4.1% of Nierenberg Investment Management Company Inc.'s investment portfolio, making the stock its 6th largest holding. Nierenberg Investment Management Company Inc. owned about 6.11% of Riverview Bancorp worth $7,384,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of RVSB. Empowered Funds LLC raised its position in Riverview Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 94,406 shares of the savings and loans company's stock worth $540,000 after buying an additional 4,524 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Riverview Bancorp by 2.7% in 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 in the last quarter. Pacific Ridge Capital Partners LLC increased its position in 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 worth $3,739,000 after purchasing an additional 15,395 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Riverview Bancorp during the 4th quarter worth approximately $224,000. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB traded down $0.09 on Friday, reaching $5.69. 102,723 shares of the company were exchanged, compared to its average volume of 37,759. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.72. Riverview Bancorp, Inc. has a 1-year low of $3.30 and a 1-year high of $6.38. The company has a 50-day moving average of $5.43 and a 200-day moving average of $5.32. The firm has a market cap of $119.35 million, a price-to-earnings ratio of 142.29 and a beta of 0.55.

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

Riverview Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 dividend on an annualized basis and a yield of 1.41%. Riverview Bancorp's payout ratio is 200.00%.

Insider Buying and Selling at Riverview Bancorp

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

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Riverview Bancorp in a report on Friday, March 7th. They set a "hold" rating on the 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.