Renaissance Technologies LLC Cuts Position in Riverview Bancorp, Inc. (NASDAQ:RVSB)

Renaissance Technologies LLC cut its stake in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 2.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 203,658 shares of the savings and loans company’s stock after selling 4,349 shares during the period. Renaissance Technologies LLC owned approximately 0.96% of Riverview Bancorp worth $813,000 at the end of the most recent reporting period.

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

Riverview Bancorp Stock Down 0.9 %

Shares of Riverview Bancorp stock opened at $4.62 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.86 and a quick ratio of 0.86. Riverview Bancorp, Inc. has a 52-week low of $3.30 and a 52-week high of $6.57. The stock has a 50-day simple moving average of $4.59 and a 200-day simple moving average of $4.30. The firm has a market cap of $97.48 million, a price-to-earnings ratio of 25.67 and a beta of 0.77.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results 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). Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. The company had revenue of $17.77 million during the quarter, compared to the consensus estimate of $12.20 million. On average, equities research analysts expect that Riverview Bancorp, Inc. will post 0.16 earnings per share for the current fiscal year.

Riverview Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, October 7th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Monday, October 7th. Riverview Bancorp’s dividend payout ratio (DPR) is presently 44.45%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Riverview Bancorp in a report on Wednesday, October 2nd. They issued a “hold” rating for the company.

Riverview Bancorp Company 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.