Riverview Bancorp, Inc. (RVSB) Position Boosted by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 18,331.9% in the third quarter, HoldingsChannel.com reports. The firm owned 73,912 shares of the savings and loans company’s stock after acquiring an additional 73,511 shares during the period. Wells Fargo & Company MN’s holdings in Riverview Bancorp were worth $621,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Riverview Bancorp by 158.7% during the 2nd quarter. Vanguard Group Inc. now owns 649,982 shares of the savings and loans company’s stock valued at $4,316,000 after buying an additional 398,692 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Riverview Bancorp by 230.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 62,084 shares of the savings and loans company’s stock valued at $412,000 after buying an additional 43,308 shares during the period. Northern Trust Corp boosted its stake in shares of Riverview Bancorp by 323.1% during the 2nd quarter. Northern Trust Corp now owns 215,829 shares of the savings and loans company’s stock valued at $1,433,000 after buying an additional 164,823 shares during the period. TIAA CREF Investment Management LLC acquired a new stake in shares of Riverview Bancorp during the 2nd quarter valued at $319,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Riverview Bancorp by 3.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,259,950 shares of the savings and loans company’s stock valued at $8,366,000 after buying an additional 47,066 shares during the period. 58.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Riverview Bancorp, Inc. (NASDAQ RVSB) opened at $9.42 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.86 and a current ratio of 0.86. Riverview Bancorp, Inc. has a 52 week low of $6.46 and a 52 week high of $9.54. The stock has a market cap of $208.66, a price-to-earnings ratio of 18.52 and a beta of 0.50.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Monday, January 8th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, January 5th. This is a positive change from Riverview Bancorp’s previous quarterly dividend of $0.02. Riverview Bancorp’s payout ratio is presently 28.57%.

In related news, EVP Richard S. Michalek sold 12,000 shares of Riverview Bancorp stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $8.77, for a total value of $105,240.00. Following the completion of the sale, the executive vice president now owns 14,477 shares of the company’s stock, valued at approximately $126,963.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gerald Lee Nies sold 30,778 shares of Riverview Bancorp stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $8.58, for a total transaction of $264,075.24. The disclosure for this sale can be found here. 7.41% of the stock is currently owned by insiders.

A number of brokerages have issued reports on RVSB. ValuEngine raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research raised shares of 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, November 2nd.

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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).

Want to see what other hedge funds are holding RVSB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Riverview Bancorp, Inc. (NASDAQ:RVSB).

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

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