Acadian Asset Management LLC reduced its stake in Riverview Bancorp Inc (NASDAQ:RVSB) by 45.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,228 shares of the savings and loans company’s stock after selling 32,703 shares during the period. Acadian Asset Management LLC owned approximately 0.17% of Riverview Bancorp worth $260,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in Riverview Bancorp by 27.4% in the first quarter. Goldman Sachs Group Inc. now owns 18,776 shares of the savings and loans company’s stock valued at $134,000 after buying an additional 4,038 shares during the last quarter. ClariVest Asset Management LLC acquired a new position in shares of Riverview Bancorp during the first quarter worth $150,000. Segantii Capital Management Ltd increased its position in shares of Riverview Bancorp by 566.1% in the first quarter. Segantii Capital Management Ltd now owns 25,978 shares of the savings and loans company’s stock worth $186,000 after buying an additional 22,078 shares in the last quarter. Globeflex Capital L P increased its position in shares of Riverview Bancorp by 15,004.8% in the first quarter. Globeflex Capital L P now owns 28,397 shares of the savings and loans company’s stock worth $203,000 after buying an additional 28,209 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Riverview Bancorp by 65.0% in the first quarter. JPMorgan Chase & Co. now owns 33,417 shares of the savings and loans company’s stock worth $239,000 after buying an additional 13,159 shares in the last quarter. 55.59% of the stock is owned by institutional investors and hedge funds.
Shares of Riverview Bancorp Inc (RVSB) traded down 0.75% on Wednesday, hitting $7.94. The company had a trading volume of 29,499 shares. The firm has a 50-day moving average price of $7.35 and a 200 day moving average price of $7.26. Riverview Bancorp Inc has a 12-month low of $4.91 and a 12-month high of $8.16. The company has a market capitalization of $178.68 million, a P/E ratio of 21.46 and a beta of 0.28.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $13.17 million during the quarter, compared to analysts’ expectations of $13.20 million. Riverview Bancorp had a return on equity of 7.51% and a net margin of 17.19%. Equities analysts expect that Riverview Bancorp Inc will post $0.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, July 14th were given a dividend of $0.0225 per share. This is a positive change from Riverview Bancorp’s previous quarterly dividend of $0.02. The ex-dividend date was Wednesday, July 12th. This represents a $0.09 annualized dividend and a dividend yield of 1.13%. Riverview Bancorp’s dividend payout ratio is presently 24.32%.
ILLEGAL ACTIVITY WARNING: “Riverview Bancorp Inc (RVSB) Shares Sold by Acadian Asset Management LLC” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://stocknewstimes.com/2017/08/16/riverview-bancorp-inc-rvsb-shares-sold-by-acadian-asset-management-llc.html.
RVSB has been the topic of a number of research reports. Zacks Investment Research downgraded Riverview Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, May 6th. ValuEngine raised Riverview Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
In related news, Director Ancora Advisors, Llc sold 900,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $6.50, for a total transaction of $5,850,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.41% of the stock is owned by corporate insiders.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
Receive News & Ratings for Riverview Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp Inc and related companies with MarketBeat.com's FREE daily email newsletter.
