Pacific Ridge Capital Partners LLC Has $2.73 Million Position in Riverview Bancorp, Inc. (NASDAQ:RVSB)

Pacific Ridge Capital Partners LLC lessened its holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 4.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 682,923 shares of the savings and loans company’s stock after selling 28,900 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Riverview Bancorp were worth $2,725,000 as of its most recent SEC filing.

Separately, Empowered Funds LLC lifted its stake in Riverview Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock worth $374,000 after acquiring an additional 5,950 shares in the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Riverview Bancorp Stock Up 0.6 %

Riverview Bancorp stock opened at $4.72 on Friday. Riverview Bancorp, Inc. has a twelve month low of $3.30 and a twelve month high of $6.57. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $99.59 million, a PE ratio of 26.22 and a beta of 0.77. The firm’s 50 day moving average price is $4.56 and its two-hundred day moving average price is $4.32.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, July 25th. The savings and loans company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. The company had revenue of $17.77 million for the quarter, compared to analysts’ expectations of $12.20 million. On average, research analysts predict that Riverview Bancorp, Inc. will post 0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Riverview Bancorp in a research note on Tuesday. They set a “hold” rating on the stock.

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.