Empowered Funds LLC Has $540,000 Stake in Riverview Bancorp, Inc. (NASDAQ:RVSB)

Empowered Funds LLC raised its position in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,406 shares of the savings and loans company’s stock after acquiring an additional 4,524 shares during the quarter. Empowered Funds LLC owned approximately 0.45% of Riverview Bancorp worth $540,000 at the end of the most recent reporting period.

Separately, Fourthstone LLC lifted its position in shares of Riverview Bancorp by 3.5% in the third quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock valued at $8,414,000 after buying an additional 60,195 shares during the last quarter. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Riverview Bancorp in a report on Wednesday. They set a “hold” rating for the company.

Insider Buying and Selling

In related news, major shareholder Martin S. Friedman sold 50,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total transaction of $277,245.00. Following the sale, the insider now owns 186,348 shares of the company’s stock, valued at $1,023,050.52. This represents a 21.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by insiders.

Riverview Bancorp Stock Performance

Shares of RVSB stock opened at $5.28 on Wednesday. Riverview Bancorp, Inc. has a 52 week low of $3.30 and a 52 week high of $5.89. The company has a market capitalization of $111.25 million, a price-to-earnings ratio of 132.03 and a beta of 0.77. The company has a 50-day simple moving average of $5.63 and a 200 day simple moving average of $5.08. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.93% and a net margin of 1.13%. On average, sell-side analysts predict that Riverview Bancorp, Inc. will post 0.2 earnings per share for the current year.

Riverview Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.08 annualized dividend and a dividend yield of 1.52%. Riverview Bancorp’s dividend payout ratio (DPR) is presently 200.05%.

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.