Empowered Funds LLC Increases Position in Riverview Bancorp, Inc. (NASDAQ:RVSB)

Empowered Funds LLC grew its holdings in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 5.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 89,882 shares of the savings and loans company’s stock after purchasing an additional 4,556 shares during the period. Empowered Funds LLC owned approximately 0.43% of Riverview Bancorp worth $423,000 as of its most recent SEC filing.

Separately, Vanguard Group Inc. increased its position in Riverview Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock valued at $4,261,000 after buying an additional 6,615 shares in the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB opened at $5.45 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $114.83 million, a PE ratio of 109.00 and a beta of 0.76. Riverview Bancorp, Inc. has a twelve month low of $3.30 and a twelve month high of $6.57. The firm’s 50 day moving average price is $4.75 and its 200-day moving average price is $4.40.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. The company had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $12.20 million. Equities research analysts expect 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 $0.02 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.47%. Riverview Bancorp’s dividend payout ratio is currently 160.00%.

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.