Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 67.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,375 shares of the savings and loans company’s stock after purchasing an additional 6,975 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of Riverview Bancorp worth $148,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in RVSB. BNP Paribas Arbitrage SA lifted its stake in Riverview Bancorp by 501.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,498 shares of the savings and loans company’s stock valued at $33,000 after buying an additional 3,750 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Riverview Bancorp during the second quarter worth approximately $160,000. Globeflex Capital L P raised its position in shares of Riverview Bancorp by 18.4% during the first quarter. Globeflex Capital L P now owns 32,208 shares of the savings and loans company’s stock worth $235,000 after purchasing an additional 5,008 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Riverview Bancorp during the second quarter worth approximately $364,000. Finally, LSV Asset Management acquired a new position in shares of Riverview Bancorp during the first quarter worth approximately $428,000. Institutional investors and hedge funds own 63.23% of the company’s stock.
In related news, Director David Nierenberg acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average price of $6.85 per share, with a total value of $137,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gerald Lee Nies acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $7.58 per share, for a total transaction of $75,800.00. The disclosure for this purchase can be found here. 6.20% of the stock is currently owned by corporate insiders.
RVSB has been the topic of a number of research reports. Zacks Investment Research lowered Riverview Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. ValuEngine lowered Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Raymond James lowered their price target on Riverview Bancorp from $9.00 to $8.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th.
NASDAQ RVSB traded up $0.01 on Friday, reaching $7.57. The company had a trading volume of 13,794 shares, compared to its average volume of 35,470. The stock has a market capitalization of $172.46 million, a P/E ratio of 9.92 and a beta of 0.63. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average is $7.59 and its 200 day moving average is $7.77. Riverview Bancorp, Inc. has a 52-week low of $5.46 and a 52-week high of $9.64.
Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Tuesday, July 23rd. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $14.61 million during the quarter, compared to the consensus estimate of $14.60 million. Riverview Bancorp had a return on equity of 13.03% and a net margin of 27.67%. On average, research analysts expect that Riverview Bancorp, Inc. will post 0.75 EPS for the current year.
Riverview Bancorp Profile
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.
Featured Story: Trading based on a resistance level
Receive News & Ratings for Riverview Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.