Riverview Bancorp, Inc. (NASDAQ:RVSB) Stock Position Decreased by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its position in Riverview Bancorp, Inc. (NASDAQ:RVSB - Free Report) by 28.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 213,790 shares of the savings and loans company's stock after selling 83,353 shares during the quarter. Alliancebernstein L.P. owned about 1.01% of Riverview Bancorp worth $1,227,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Riverview Bancorp by 2.7% in the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company's stock valued at $988,000 after acquiring an additional 5,551 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of 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 valued at $540,000 after purchasing an additional 4,524 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake 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 valued at $3,739,000 after purchasing an additional 15,395 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Riverview Bancorp in the fourth quarter worth $224,000. Institutional investors and hedge funds own 69.60% of the company's stock.

Riverview Bancorp Stock Up 0.5 %

RVSB stock opened at $5.75 on Friday. The stock has a market capitalization of $120.61 million, a price-to-earnings ratio of 143.79 and a beta of 0.55. The company has a 50-day moving average of $5.44 and a two-hundred day moving average of $5.34. Riverview Bancorp, Inc. has a 52-week low of $3.30 and a 52-week high of $6.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.86 and a quick ratio of 0.86.

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

Riverview Bancorp Dividend Announcement

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

Analyst Ratings Changes

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

Insider Activity at Riverview Bancorp

In related news, major shareholder Martin S. Friedman sold 186,348 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $5.18, for a total value of $965,282.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by corporate insiders.

Riverview Bancorp Profile

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.

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