StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB – Free Report) in a research note published on Friday. The brokerage issued a hold rating on the savings and loans company’s stock.
Separately, TheStreet lowered shares of Riverview Bancorp from a b- rating to a c+ rating in a research report on Friday, February 23rd.
Read Our Latest Stock Report on RVSB
Riverview Bancorp Stock Performance
Riverview Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Thursday, April 11th were given a $0.06 dividend. The ex-dividend date was Wednesday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 5.71%. Riverview Bancorp’s dividend payout ratio (DPR) is 133.34%.
Hedge Funds Weigh In On Riverview Bancorp
An institutional investor recently bought a new position in Riverview Bancorp stock. Mendon Capital Advisors Corp purchased a new position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 33,743 shares of the savings and loans company’s stock, valued at approximately $216,000. Mendon Capital Advisors Corp owned about 0.16% of Riverview Bancorp at the end of the most recent quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.
Riverview Bancorp Company 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.
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