Pacific Ridge Capital Partners LLC acquired a new position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 266,272 shares of the savings and loans company’s stock, valued at approximately $2,354,000. Pacific Ridge Capital Partners LLC owned 1.18% of Riverview Bancorp at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of RVSB. Campbell & CO Investment Adviser LLC acquired a new stake in Riverview Bancorp during the 3rd quarter worth $128,000. Citadel Advisors LLC acquired a new stake in Riverview Bancorp during the 3rd quarter worth $144,000. John W. Rosenthal Capital Management Inc. acquired a new stake in Riverview Bancorp during the 3rd quarter worth $177,000. Bailard Inc. acquired a new stake in Riverview Bancorp during the 2nd quarter worth $633,000. Finally, Acadian Asset Management LLC raised its stake in Riverview Bancorp by 14.9% during the 3rd quarter. Acadian Asset Management LLC now owns 79,790 shares of the savings and loans company’s stock worth $705,000 after buying an additional 10,319 shares during the period. 60.80% of the stock is currently owned by institutional investors and hedge funds.
RVSB has been the topic of several research analyst reports. ValuEngine downgraded Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Zacks Investment Research raised Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Wednesday, November 7th.
RVSB opened at $7.39 on Friday. Riverview Bancorp, Inc. has a 1 year low of $6.71 and a 1 year high of $9.99. The stock has a market capitalization of $170.85 million, a price-to-earnings ratio of 11.28 and a beta of 0.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88.
Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings results on Thursday, October 25th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Riverview Bancorp had a return on equity of 12.61% and a net margin of 22.54%. The firm had revenue of $14.62 million for the quarter, compared to the consensus estimate of $14.20 million. On average, analysts expect that Riverview Bancorp, Inc. will post 0.75 EPS for the current fiscal year.
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Riverview Bancorp Profile
Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and 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.
Further Reading: Can individual investors take part in an IPO?
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