Riverview Bancorp Inc (RVSB) Stake Decreased by Thomson Horstmann & Bryant Inc.

Thomson Horstmann & Bryant Inc. cut its holdings in shares of Riverview Bancorp Inc (NASDAQ:RVSB) by 8.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 422,634 shares of the savings and loans company’s stock after selling 38,947 shares during the period. Thomson Horstmann & Bryant Inc. owned about 1.87% of Riverview Bancorp worth $3,947,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Martingale Asset Management L P grew its stake in shares of Riverview Bancorp by 6.7% during the fourth quarter. Martingale Asset Management L P now owns 207,258 shares of the savings and loans company’s stock valued at $1,797,000 after acquiring an additional 13,004 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Riverview Bancorp by 18,331.9% during the third quarter. Wells Fargo & Company MN now owns 73,912 shares of the savings and loans company’s stock valued at $621,000 after acquiring an additional 73,511 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Riverview Bancorp by 27.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 80,852 shares of the savings and loans company’s stock valued at $701,000 after acquiring an additional 17,180 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Riverview Bancorp by 9.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,375,235 shares of the savings and loans company’s stock valued at $11,552,000 after acquiring an additional 115,285 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Riverview Bancorp by 177.5% during the fourth quarter. First Trust Advisors LP now owns 45,927 shares of the savings and loans company’s stock valued at $398,000 after acquiring an additional 29,377 shares in the last quarter. Institutional investors own 59.82% of the company’s stock.

Several analysts have recently weighed in on RVSB shares. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Thursday, January 25th. ValuEngine upgraded Riverview Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Raymond James lowered their target price on Riverview Bancorp to $10.50 and set an “outperform” rating for the company in a research note on Tuesday, May 8th.

Shares of Riverview Bancorp opened at $8.78 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $195.45 million, a PE ratio of 16.57 and a beta of 0.34. Riverview Bancorp Inc has a 1-year low of $6.46 and a 1-year high of $9.75.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, April 26th. The savings and loans company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The firm had revenue of $13.32 million during the quarter, compared to analyst estimates of $14.00 million. Riverview Bancorp had a return on equity of 10.40% and a net margin of 18.30%. analysts predict that Riverview Bancorp Inc will post 0.65 EPS for the current fiscal year.

Riverview Bancorp Profile

Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services in the United States. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, regular savings accounts, certificates of deposit, and retirement savings plans.

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

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