Susquehanna International Group LLP Acquires Shares of 121,660 Riverview Bancorp Inc $RVSB

Susquehanna International Group LLP acquired a new stake in Riverview Bancorp Inc (NASDAQ:RVSB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 121,660 shares of the savings and loans company’s stock, valued at approximately $661,000.

A number of other hedge funds have also modified their holdings of RVSB. Raymond James Financial Inc. acquired a new position in shares of Riverview Bancorp in the 2nd quarter valued at $34,000. BNP Paribas Financial Markets raised its holdings in shares of Riverview Bancorp by 122.9% in the third quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock valued at $34,000 after buying an additional 3,524 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Riverview Bancorp in the second quarter valued at about $53,000. Intech Investment Management LLC acquired a new stake in shares of Riverview Bancorp during the third quarter worth about $55,000. Finally, Bank of New York Mellon Corp acquired a new position in Riverview Bancorp in the 2nd quarter valued at about $59,000. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Riverview Bancorp

In related news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $5.25, for a total value of $26,250.00. Following the completion of the transaction, the insider directly owned 89,388 shares of the company’s stock, valued at $469,287. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders purchased 4,250 shares of company stock worth $22,288. 3.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RVSB has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. Wall Street Zen upgraded shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Riverview Bancorp has an average rating of “Reduce”.

Riverview Bancorp Trading Up 0.8%

NASDAQ:RVSB opened at $5.20 on Tuesday. Riverview Bancorp Inc has a 1 year low of $4.74 and a 1 year high of $6.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a fifty day moving average price of $5.31 and a two-hundred day moving average price of $5.42. The stock has a market capitalization of $103.74 million, a price-to-earnings ratio of -27.37 and a beta of 0.49.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $15.01 million for the quarter, compared to analysts’ expectations of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%. As a group, sell-side analysts anticipate that Riverview Bancorp Inc will post 0.28 earnings per share for the current fiscal year.

Riverview Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Thursday, July 9th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.08 annualized dividend and a dividend yield of 1.5%. Riverview Bancorp’s payout ratio is -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.