Mendon Capital Advisors Corp Sells 5,939 Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB)

Mendon Capital Advisors Corp lessened its position in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 29.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,061 shares of the savings and loans company’s stock after selling 5,939 shares during the period. Mendon Capital Advisors Corp owned about 0.07% of Riverview Bancorp worth $56,000 at the end of the most recent quarter.

Separately, Empowered Funds LLC lifted its stake in Riverview Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock valued at $374,000 after purchasing an additional 5,950 shares during the last quarter. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Riverview Bancorp Price Performance

RVSB opened at $4.71 on Wednesday. The stock’s fifty day simple moving average is $4.56 and its 200 day simple moving average is $4.31. Riverview Bancorp, Inc. has a 1-year low of $3.30 and a 1-year high of $6.57. The stock has a market cap of $99.38 million, a PE ratio of 26.17 and a beta of 0.77. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $17.77 million during the quarter, compared to the consensus estimate of $12.20 million. Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. As a group, research analysts expect that Riverview Bancorp, Inc. will post 0.16 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, October 7th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, October 7th. This represents a $0.08 annualized dividend and a yield of 1.70%. Riverview Bancorp’s dividend payout ratio (DPR) is presently 44.45%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Riverview Bancorp in a research report on Wednesday. They set 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.