Fourthstone LLC Has $8.41 Million Stock Holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB)

Fourthstone LLC raised its position in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,786,451 shares of the savings and loans company’s stock after acquiring an additional 60,195 shares during the period. Riverview Bancorp comprises approximately 1.9% of Fourthstone LLC’s holdings, making the stock its 17th largest holding. Fourthstone LLC owned 8.48% of Riverview Bancorp worth $8,414,000 at the end of the most recent reporting period.

Separately, Empowered Funds LLC raised its stake in shares of Riverview Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after purchasing an additional 4,556 shares in the last quarter. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Riverview Bancorp Price Performance

RVSB traded down $0.03 during midday trading on Thursday, reaching $5.58. 17,323 shares of the company’s stock were exchanged, compared to its average volume of 28,994. Riverview Bancorp, Inc. has a one year low of $3.30 and a one year high of $6.57. The firm has a market capitalization of $117.57 million, a price-to-earnings ratio of 111.60 and a beta of 0.76. The business has a 50-day simple moving average of $4.80 and a two-hundred day simple moving average of $4.43. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82.

Riverview Bancorp (NASDAQ:RVSB) last posted its 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. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. The business had revenue of $18.78 million during the quarter, compared to the consensus estimate of $12.20 million. As a group, research analysts predict that Riverview Bancorp, Inc. will post 0.18 EPS for the current 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 given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Monday, October 7th. Riverview Bancorp’s dividend payout ratio (DPR) is currently 160.00%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Riverview Bancorp in a report on Sunday, November 3rd. They issued a “hold” rating on the stock.

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.