Invesco Ltd. Has $501,000 Stock Holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB)

Invesco Ltd. lessened its holdings in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 40.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 58,600 shares of the savings and loans company’s stock after selling 39,960 shares during the period. Invesco Ltd.’s holdings in Riverview Bancorp were worth $501,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. grew its holdings in Riverview Bancorp by 72.0% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 18,750 shares of the savings and loans company’s stock worth $160,000 after acquiring an additional 7,850 shares during the period. BlackRock Inc. boosted its position in shares of Riverview Bancorp by 6.6% during the second quarter. BlackRock Inc. now owns 2,551,087 shares of the savings and loans company’s stock worth $21,788,000 after purchasing an additional 157,223 shares in the last quarter. Parametric Portfolio Associates LLC bought a new position in shares of Riverview Bancorp during the second quarter worth $153,000. Northern Trust Corp boosted its position in shares of Riverview Bancorp by 2.7% during the second quarter. Northern Trust Corp now owns 244,028 shares of the savings and loans company’s stock worth $2,084,000 after purchasing an additional 6,409 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Riverview Bancorp by 2.1% during the second quarter. Renaissance Technologies LLC now owns 426,807 shares of the savings and loans company’s stock worth $3,645,000 after purchasing an additional 8,800 shares in the last quarter. 63.23% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on RVSB. Raymond James reduced their price target on shares of Riverview Bancorp from $9.00 to $8.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. ValuEngine cut shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday.

In related news, Director Gerald Lee Nies acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of $7.58 per share, with a total value of $75,800.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Nierenberg acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of $6.85 per share, for a total transaction of $137,000.00. The disclosure for this purchase can be found here. Insiders own 6.20% of the company’s stock.

Shares of NASDAQ RVSB opened at $6.94 on Friday. The company’s fifty day moving average is $7.38 and its 200-day moving average is $7.71. The stock has a market cap of $164.96 million, a price-to-earnings ratio of 9.13 and a beta of 0.64. Riverview Bancorp, Inc. has a twelve month low of $5.46 and a twelve month high of $8.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.62.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $14.61 million for the quarter, compared to analysts’ expectations of $14.60 million. Riverview Bancorp had a net margin of 27.67% and a return on equity of 13.03%. On average, research analysts anticipate that Riverview Bancorp, Inc. will post 0.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, October 14th will be given a $0.045 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.18 annualized dividend and a yield of 2.59%. Riverview Bancorp’s dividend payout ratio is currently 23.68%.

Riverview Bancorp Profile

Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that 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.

See Also: Exchange-Traded Funds (ETFs)

Want to see what other hedge funds are holding RVSB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Riverview Bancorp, Inc. (NASDAQ:RVSB).

Institutional Ownership by Quarter for Riverview Bancorp (NASDAQ:RVSB)

Receive News & Ratings for Riverview Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.