California Public Employees Retirement System maintained its position in Riverview Bancorp Inc (NASDAQ:RVSB) during the first quarter, according to its most recent filing with the SEC. The firm owned 69,355 shares of the savings and loans company’s stock at the end of the first quarter. California Public Employees Retirement System owned 0.31% of Riverview Bancorp worth $496,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ClariVest Asset Management LLC purchased a new stake in shares of Riverview Bancorp during the first quarter valued at $150,000. JPMorgan Chase & Co. increased its stake in shares of Riverview Bancorp by 65.0% in the first quarter. JPMorgan Chase & Co. now owns 33,417 shares of the savings and loans company’s stock valued at $239,000 after buying an additional 13,159 shares in the last quarter. Spark Investment Management LLC increased its stake in shares of Riverview Bancorp by 19.4% in the first quarter. Spark Investment Management LLC now owns 34,400 shares of the savings and loans company’s stock valued at $245,000 after buying an additional 5,600 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Riverview Bancorp by 78.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 40,027 shares of the savings and loans company’s stock valued at $286,000 after buying an additional 17,583 shares in the last quarter. Finally, Polaris Greystone Financial Group LLC purchased a new stake in shares of Riverview Bancorp during the first quarter valued at $286,000. 55.59% of the stock is owned by institutional investors and hedge funds.

Shares of Riverview Bancorp Inc (RVSB) traded up 0.91% during mid-day trading on Wednesday, reaching $7.80. 21,475 shares of the company traded hands. Riverview Bancorp Inc has a 52-week low of $4.91 and a 52-week high of $8.16. The stock has a market capitalization of $175.53 million, a PE ratio of 21.08 and a beta of 0.28. The stock’s 50 day moving average is $7.49 and its 200 day moving average is $7.27.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company had revenue of $13.17 million for the quarter, compared to analysts’ expectations of $13.20 million. Riverview Bancorp had a return on equity of 7.51% and a net margin of 17.19%. On average, analysts anticipate that Riverview Bancorp Inc will post $0.52 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Friday, July 14th were issued a dividend of $0.0225 per share. This is a boost from Riverview Bancorp’s previous quarterly dividend of $0.02. This represents a $0.09 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Wednesday, July 12th. Riverview Bancorp’s payout ratio is 24.32%.

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RVSB has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research report on Thursday, August 3rd. ValuEngine upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

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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