California Public Employees Retirement System Has $461,000 Holdings in Riverview Bancorp Inc (RVSB)
California Public Employees Retirement System continued to hold its stake in Riverview Bancorp Inc (NASDAQ:RVSB) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,355 shares of the savings and loans company’s stock at the end of the second quarter. California Public Employees Retirement System owned about 0.31% of Riverview Bancorp worth $461,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Riverview Bancorp by 158.7% in the 2nd quarter. Vanguard Group Inc. now owns 649,982 shares of the savings and loans company’s stock worth $4,316,000 after acquiring an additional 398,692 shares during the last quarter. Northern Trust Corp raised its stake in Riverview Bancorp by 323.1% in the 2nd quarter. Northern Trust Corp now owns 215,829 shares of the savings and loans company’s stock worth $1,433,000 after acquiring an additional 164,823 shares during the last quarter. Context BH Capital Management LP raised its stake in Riverview Bancorp by 116.9% in the 2nd quarter. Context BH Capital Management LP now owns 57,739 shares of the savings and loans company’s stock worth $383,000 after acquiring an additional 31,122 shares during the last quarter. Nationwide Fund Advisors raised its stake in Riverview Bancorp by 278.8% in the 2nd quarter. Nationwide Fund Advisors now owns 22,013 shares of the savings and loans company’s stock worth $146,000 after acquiring an additional 16,202 shares during the last quarter. Finally, TIAA CREF Investment Management LLC purchased a new position in Riverview Bancorp in the 2nd quarter worth $319,000. Institutional investors own 56.80% of the company’s stock.
Riverview Bancorp Inc (NASDAQ RVSB) opened at $8.69 on Thursday. The stock has a market capitalization of $199.20, a price-to-earnings ratio of 20.09 and a beta of 0.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.86 and a quick ratio of 0.86. Riverview Bancorp Inc has a 52 week low of $5.84 and a 52 week high of $9.05.
Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Thursday, October 26th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $13.44 million during the quarter, compared to analyst estimates of $13.10 million. Riverview Bancorp had a return on equity of 8.63% and a net margin of 18.90%. analysts forecast that Riverview Bancorp Inc will post 0.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Friday, October 13th were paid a $0.0225 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.09 dividend on an annualized basis and a yield of 1.04%. Riverview Bancorp’s dividend payout ratio (DPR) is 20.46%.
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A number of equities analysts recently issued reports on RVSB shares. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Wednesday, August 16th. ValuEngine upgraded Riverview Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, October 27th.
In other Riverview Bancorp news, Director Gerald Lee Nies sold 30,778 shares of Riverview Bancorp stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $8.58, for a total transaction of $264,075.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard S. Michalek sold 12,000 shares of Riverview Bancorp 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 transaction, the executive vice president now owns 14,477 shares of the company’s stock, valued at approximately $126,963.29. The disclosure for this sale can be found here. Company insiders own 7.41% of the company’s stock.
Riverview Bancorp 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).
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