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Martin S. Friedman, a significant shareholder of Riverview Bancorp Inc. (NASDAQ:RVSB), recently sold a substantial portion of the company’s stock. According to a recent filing, Friedman disposed of 50,500 shares at a price of $5.49 each, totaling $277,245. The transaction occurred slightly above the current trading price of $5.35, in a company with a market capitalization of $113 million. InvestingPro analysis indicates the stock is currently fairly valued, with a 6-month return of 19.3%. Following this transaction, Friedman, through his affiliations, maintains ownership of 1,936,721 shares indirectly and 186,348 shares directly.
The shares were sold by FJ Capital Management LLC, with Friedman as the managing member and sub-investment adviser to Bridge Equities XI, LLC. This transaction reflects Friedman’s ongoing management and investment strategy, although he disclaims beneficial ownership except for his pecuniary interest.
In other recent news, Riverview Bancorp has been the subject of an analyst upgrade. Raymond (NSE:RYMD) James maintained an Outperform rating on the bank and increased their price target to $6.25, up from the previous $5.25. This revised target reflects Raymond James’ positive view on Riverview Bancorp’s recent financial results and its potential for future growth.
Riverview Bancorp’s third fiscal quarter of 2025 results showed accelerated growth, particularly in loan production. The bank has also improved its back office processes and treasury management offerings, which are expected to boost productivity and client acquisition. As a result, growth is anticipated to re-accelerate to a mid-single digit pace.
Riverview Bancorp has been optimizing its funding base, with funding costs decreasing by 10 basis points during the quarter. This, coupled with strong loan growth, is expected to lead to solid core net interest margin expansion and net interest income growth. The bank’s robust capital base, with a Common Equity Tier 1 ratio of 15.2%, provides flexibility and is likely to continue its share repurchase program. These are the recent developments that investors should keep an eye on.
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