Riverview Bancorp, Inc. (RVSB) Position Boosted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its position in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,692,210 shares of the savings and loans company’s stock after acquiring an additional 37,445 shares during the period. Dimensional Fund Advisors LP owned about 7.49% of Riverview Bancorp worth $12,319,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in shares of Riverview Bancorp by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 152,457 shares of the savings and loans company’s stock worth $1,109,000 after acquiring an additional 3,718 shares during the period. BlackRock Inc. boosted its stake in Riverview Bancorp by 4.8% in the 4th quarter. BlackRock Inc. now owns 2,554,519 shares of the savings and loans company’s stock valued at $18,598,000 after purchasing an additional 117,129 shares during the period. Acadian Asset Management LLC boosted its stake in Riverview Bancorp by 22.0% in the 4th quarter. Acadian Asset Management LLC now owns 97,317 shares of the savings and loans company’s stock valued at $708,000 after purchasing an additional 17,527 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Riverview Bancorp by 17.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 35,347 shares of the savings and loans company’s stock valued at $257,000 after purchasing an additional 5,250 shares during the period. Finally, Rhumbline Advisers boosted its stake in Riverview Bancorp by 44.8% in the 4th quarter. Rhumbline Advisers now owns 29,739 shares of the savings and loans company’s stock valued at $216,000 after purchasing an additional 9,204 shares during the period. Institutional investors own 61.97% of the company’s stock.
Separately, Zacks Investment Research downgraded Riverview Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th.
Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Thursday, January 24th. The savings and loans company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The firm had revenue of $14.46 million during the quarter, compared to analysts’ expectations of $14.50 million. Riverview Bancorp had a return on equity of 13.19% and a net margin of 27.05%. On average, research analysts expect that Riverview Bancorp, Inc. will post 0.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Thursday, April 11th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $0.16 annualized dividend and a yield of 2.15%. Riverview Bancorp’s dividend payout ratio is presently 30.19%.
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About Riverview Bancorp
Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.
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