Susquehanna International Group LLP Makes New Investment in Riverview Bancorp Inc $RVSB

Susquehanna International Group LLP purchased a new stake in Riverview Bancorp Inc (NASDAQ:RVSB) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 121,660 shares of the savings and loans company’s stock, valued at approximately $661,000. Susquehanna International Group LLP owned about 0.61% of Riverview Bancorp as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Barclays PLC lifted its position in Riverview Bancorp by 4.0% in the fourth quarter. Barclays PLC now owns 86,231 shares of the savings and loans company’s stock valued at $433,000 after buying an additional 3,325 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Riverview Bancorp by 122.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock valued at $34,000 after acquiring an additional 3,524 shares during the period. American Century Companies Inc. raised its stake in shares of Riverview Bancorp by 3.8% in the 2nd quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company’s stock valued at $636,000 after acquiring an additional 4,206 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Riverview Bancorp by 4.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 122,631 shares of the savings and loans company’s stock worth $616,000 after acquiring an additional 5,359 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Riverview Bancorp by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 471,324 shares of the savings and loans company’s stock valued at $2,366,000 after purchasing an additional 5,793 shares during the last quarter. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Riverview Bancorp

In other news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $5.25, for a total transaction of $26,250.00. Following the completion of the transaction, the insider directly owned 89,388 shares of the company’s stock, valued at approximately $469,287. This represents a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders bought 4,250 shares of company stock worth $22,288. 3.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on RVSB shares. Weiss Ratings upgraded Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. Wall Street Zen upgraded Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Riverview Bancorp Stock Up 0.8%

Shares of NASDAQ:RVSB opened at $5.20 on Tuesday. Riverview Bancorp Inc has a fifty-two week low of $4.74 and a fifty-two week high of $6.22. The firm’s 50 day moving average price is $5.31 and its 200 day moving average price is $5.42. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. The stock has a market cap of $103.74 million, a price-to-earnings ratio of -27.37 and a beta of 0.49.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%. The company had revenue of $15.01 million for the quarter, compared to the consensus estimate of $14.80 million. As a group, equities research analysts predict that Riverview Bancorp Inc will post 0.28 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Thursday, July 9th were paid a $0.02 dividend. The ex-dividend date was Thursday, July 9th. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. Riverview Bancorp’s dividend payout ratio (DPR) is currently -42.11%.

About Riverview Bancorp

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.