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Martin S. Friedman, a significant shareholder in Riverview Bancorp Inc. (NASDAQ:RVSB), a $113 million market cap company currently trading at high earnings multiples, recently sold 186,348 shares of the company’s common stock. According to InvestingPro data, RVSB has maintained dividend payments for 11 consecutive years, currently yielding 1.51%. The transaction, which took place on March 12, 2025, was executed at a price of $5.1755 per share, amounting to a total sale value of approximately $964,444. The stock, which has declined 7.34% year-to-date, currently trades at $5.34. Following this transaction, Friedman, through his association with FJ Capital Management LLC, continues to hold 1,936,721 shares indirectly via Financial Opportunity (SO:FTCE11B) Fund LLC. This sale marks the complete divestment of shares previously held by Bridge Equities XI, LLC. For comprehensive insider trading analysis and additional insights, upgrade to InvestingPro, which offers 5 more exclusive tips about RVSB.
In other recent news, Riverview Bancorp’s third fiscal quarter of 2025 results have drawn attention for demonstrating progress in accelerating growth, according to Raymond (NSE:RYMD) James. The bank has seen expanding loan production and an improving pipeline, bolstered by both new and existing clients, without compromising underwriting standards. Raymond James maintained an Outperform rating on Riverview Bancorp and increased the price target to $6.25 from the previous $5.25, reflecting a positive outlook on the bank’s recent financial performance and growth potential. The bank has also improved its back office processes and treasury management offerings, which are expected to enhance productivity and client acquisition. Despite elevated payoffs impacting the quarter, growth is anticipated to re-accelerate to a mid-single digit pace, potentially supported by pool purchases. Riverview Bancorp has optimized its funding base, with funding costs decreasing by 10 basis points, leading to expectations of solid core net interest margin expansion and net interest income growth. The bank’s strong capital base, with a Common Equity Tier 1 ratio of 15.2%, provides flexibility for further strategic initiatives. Additionally, the stock trading below tangible book value suggests the continuation of its share repurchase program, with an estimated $750,000 of buybacks per quarter through fiscal year 2026. Raymond James expressed confidence in Riverview Bancorp’s ability to execute its strategic initiatives, citing the bank’s attractive valuation and strong asset quality.
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