Alliancebernstein L.P. Sells 83,353 Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB)

Alliancebernstein L.P. trimmed its position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 28.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,790 shares of the savings and loans company’s stock after selling 83,353 shares during the quarter. Alliancebernstein L.P.’s holdings in Riverview Bancorp were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of RVSB. Arrowstreet Capital Limited Partnership bought a new position in Riverview Bancorp in the 4th quarter valued at $224,000. Empowered Funds LLC increased its stake in shares of Riverview Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 94,406 shares of the savings and loans company’s stock valued at $540,000 after buying an additional 4,524 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Riverview Bancorp by 2.7% in the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock valued at $988,000 after buying an additional 5,551 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its position in Riverview Bancorp by 2.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company’s stock worth $3,739,000 after buying an additional 15,395 shares in the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

Riverview Bancorp Price Performance

Shares of RVSB stock opened at $5.75 on Friday. The firm’s 50 day moving average price is $5.44 and its two-hundred day moving average price is $5.34. The stock has a market cap of $120.61 million, a PE ratio of 143.79 and a beta of 0.55. Riverview Bancorp, Inc. has a 52-week low of $3.30 and a 52-week high of $6.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.86 and a current ratio of 0.86.

Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.92% and a net margin of 1.13%. As a group, analysts forecast that Riverview Bancorp, Inc. will post 0.2 EPS for the current year.

Riverview Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.02 per share. The ex-dividend date is Monday, April 14th. This represents a $0.08 annualized dividend and a yield of 1.39%. Riverview Bancorp’s dividend payout ratio is presently 200.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Riverview Bancorp in a research report on Friday, March 7th. They issued a “hold” rating on the stock.

Insiders Place Their Bets

In other news, major shareholder Martin S. Friedman sold 186,348 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $5.18, for a total value of $965,282.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.90% of the company’s stock.

Riverview Bancorp Profile

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.