Context BH Capital Management LP Cuts Position in Riverview Bancorp Inc (RVSB)

Context BH Capital Management LP cut its holdings in Riverview Bancorp Inc (NASDAQ:RVSB) by 29.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 40,593 shares of the savings and loans company’s stock after selling 17,146 shares during the period. Context BH Capital Management LP owned 0.18% of Riverview Bancorp worth $341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bessemer Group Inc. acquired a new position in Riverview Bancorp in the 3rd quarter valued at $399,000. Chicago Equity Partners LLC acquired a new position in Riverview Bancorp in the 3rd quarter valued at $744,000. First Trust Advisors LP acquired a new stake in shares of Riverview Bancorp during the 3rd quarter worth $139,000. California State Teachers Retirement System acquired a new stake in shares of Riverview Bancorp during the 2nd quarter worth $226,000. Finally, State Street Corp increased its holdings in shares of Riverview Bancorp by 1,923.2% during the 2nd quarter. State Street Corp now owns 231,349 shares of the savings and loans company’s stock worth $1,535,000 after buying an additional 219,914 shares during the last quarter. Institutional investors own 56.10% of the company’s stock.

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Shares of Riverview Bancorp Inc (NASDAQ:RVSB) traded down $0.10 during trading on Tuesday, reaching $8.63. 75,700 shares of the company were exchanged, compared to its average volume of 92,036. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.25. Riverview Bancorp Inc has a 12-month low of $5.55 and a 12-month high of $9.05. The stock has a market cap of $196.72, a PE ratio of 19.84 and a beta of 0.51.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Riverview Bancorp had a net margin of 18.90% and a return on equity of 8.63%. The firm had revenue of $13.44 million during the quarter, compared to analysts’ expectations of $13.10 million. analysts predict that Riverview Bancorp Inc will post 0.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Friday, October 13th were given a $0.0225 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.09 dividend on an annualized basis and a yield of 1.04%. Riverview Bancorp’s payout ratio is currently 20.46%.

In other Riverview Bancorp news, EVP Richard S. Michalek sold 12,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $8.77, for a total value of $105,240.00. Following the completion of the transaction, the executive vice president now directly owns 14,477 shares of the company’s stock, valued at approximately $126,963.29. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 7.41% of the company’s stock.

A number of research firms have recently commented on RVSB. ValuEngine downgraded Riverview Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Thursday, August 31st.

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).

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

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