The Manufacturers Life Insurance Company Trims Holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB)

The Manufacturers Life Insurance Company decreased its stake in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB - Free Report) by 9.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 946,305 shares of the savings and loans company's stock after selling 96,560 shares during the period. The Manufacturers Life Insurance Company owned 4.49% of Riverview Bancorp worth $4,457,000 at the end of the most recent reporting period.

Separately, Empowered Funds LLC lifted its stake in shares of 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 purchasing an additional 4,556 shares during the period. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Riverview Bancorp in a research report on Sunday, November 3rd. They issued a "hold" rating for the company.

Riverview Bancorp Trading Up 0.7 %

Shares of NASDAQ RVSB traded up $0.04 on Friday, reaching $5.71. 12,744 shares of the company traded hands, compared to its average volume of 33,525. The stock has a market capitalization of $120.31 million, a PE ratio of 114.20 and a beta of 0.81. Riverview Bancorp, Inc. has a fifty-two week low of $3.30 and a fifty-two week high of $6.57. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average of $4.94 and a 200 day moving average of $4.50.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $18.78 million during the quarter, compared to analyst estimates of $12.20 million. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. On average, equities research analysts forecast that Riverview Bancorp, Inc. will post 0.18 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, October 7th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Monday, October 7th. Riverview Bancorp's payout ratio is currently 160.00%.

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.