Royce & Associates LP Has $529,000 Holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB)

Royce & Associates LP cut its holdings in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB - Free Report) by 63.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,191 shares of the savings and loans company's stock after selling 162,650 shares during the quarter. Royce & Associates LP owned 0.44% of Riverview Bancorp worth $529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RVSB. Empowered Funds LLC increased its stake in Riverview Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company's stock worth $423,000 after acquiring an additional 4,556 shares during the period. Geode Capital Management LLC grew 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 worth $988,000 after purchasing an additional 5,551 shares in the last quarter. Finally, Fourthstone LLC increased its position in shares of Riverview Bancorp by 3.5% in the third quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company's stock worth $8,414,000 after purchasing an additional 60,195 shares during the period. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Riverview Bancorp

In other Riverview Bancorp news, major shareholder Martin S. Friedman sold 186,348 shares of the firm's stock in a transaction that occurred on 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 document filed with the SEC, which is available at this link. 2.90% of the stock is currently owned by insiders.

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Riverview Bancorp Price Performance

Shares of NASDAQ RVSB traded down $0.04 during trading hours on Wednesday, hitting $5.44. 20,103 shares of the stock were exchanged, compared to its average volume of 34,681. The company's fifty day simple moving average is $5.39 and its two-hundred day simple moving average is $5.21. The company has a market cap of $114.11 million, a PE ratio of 136.03 and a beta of 0.75. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.86 and a current ratio of 0.86. Riverview Bancorp, Inc. has a 1-year low of $3.30 and a 1-year high of $5.89.

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 for the quarter, beating 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%. On average, sell-side analysts predict that Riverview Bancorp, Inc. will post 0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.