Riverview Bancorp, Inc. (NASDAQ:RVSB) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB – Get Rating) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 161,735 shares of the savings and loans company’s stock after buying an additional 16,700 shares during the period. Russell Investments Group Ltd. owned approximately 0.75% of Riverview Bancorp worth $1,242,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Advisor Group Holdings Inc. boosted its stake in shares of Riverview Bancorp by 33.5% during the first quarter. Advisor Group Holdings Inc. now owns 8,029 shares of the savings and loans company’s stock worth $60,000 after buying an additional 2,014 shares during the period. Tower Research Capital LLC TRC lifted its position in Riverview Bancorp by 3,162.1% in the third quarter. Tower Research Capital LLC TRC now owns 11,352 shares of the savings and loans company’s stock valued at $72,000 after purchasing an additional 11,004 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Riverview Bancorp in the second quarter valued at about $94,000. Millennium Management LLC lifted its position in Riverview Bancorp by 53.0% in the second quarter. Millennium Management LLC now owns 21,425 shares of the savings and loans company’s stock valued at $141,000 after purchasing an additional 7,420 shares during the period. Finally, First Pacific Financial lifted its position in Riverview Bancorp by 235.2% in the fourth quarter. First Pacific Financial now owns 39,486 shares of the savings and loans company’s stock valued at $303,000 after purchasing an additional 27,706 shares during the period. Institutional investors and hedge funds own 63.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RVSB shares. StockNews.com started coverage on shares of Riverview Bancorp in a research report on Thursday, May 18th. They issued a “hold” rating for the company. TheStreet downgraded shares of Riverview Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, May 9th. Finally, Raymond James reduced their price target on shares of Riverview Bancorp from $8.00 to $6.50 and set an “outperform” rating for the company in a research report on Thursday, April 6th.

Riverview Bancorp Trading Up 0.2 %

Shares of RVSB opened at $4.51 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a 50 day simple moving average of $5.06 and a 200-day simple moving average of $6.51. Riverview Bancorp, Inc. has a 1-year low of $4.17 and a 1-year high of $8.00. The stock has a market cap of $96.97 million, a price-to-earnings ratio of 5.43 and a beta of 0.70.

Riverview Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 20th. Shareholders of record on Monday, April 10th were paid a $0.06 dividend. The ex-dividend date was Thursday, April 6th. This represents a $0.24 annualized dividend and a yield of 5.32%. Riverview Bancorp’s payout ratio is currently 28.92%.

Riverview Bancorp Profile

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Riverview Bancorp, Inc operates as a holding company. It provides community banking services to small and medium size businesses, professionals, and 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.