Geode Capital Management LLC Buys 5,551 Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB)

Geode Capital Management LLC lifted its stake in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 2.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 209,781 shares of the savings and loans company’s stock after buying an additional 5,551 shares during the period. Geode Capital Management LLC’s holdings in Riverview Bancorp were worth $988,000 as of its most recent SEC filing.

Separately, Empowered Funds LLC lifted its stake in Riverview Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after acquiring an additional 4,556 shares in the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Riverview Bancorp in a research note on Friday. They issued a “hold” rating for the company.

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB opened at $5.48 on Friday. The company has a market capitalization of $115.46 million, a P/E ratio of 109.60 and a beta of 0.78. The company’s 50-day moving average is $5.45 and its 200 day moving average is $4.81. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. Riverview Bancorp, Inc. has a fifty-two week low of $3.30 and a fifty-two week high of $6.16.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. The firm had revenue of $18.78 million during the quarter, compared to the consensus estimate of $12.20 million. On average, equities research analysts forecast that Riverview Bancorp, Inc. will post 0.18 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.08 annualized dividend and a dividend yield of 1.46%. Riverview Bancorp’s payout ratio is 160.00%.

About Riverview Bancorp

Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building 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.