Form 4: FJ Capital Management Sells 186,348 Shares of Riverview Bancorp

Martin S. Friedman, managing member of FJ Capital Management, reports the sale of 186,348 Riverview Bancorp shares held by Bridge Equities XI, LLC and indirect ownership of 1,936,721 shares held by Financial Opportunity Fund LLC.

Summary

• On March 12, 2025, FJ Capital Management LLC sold 186,348 shares of Riverview Bancorp Inc. common stock at a price of $5.1755 per share.
• The shares were held by Bridge Equities XI, LLC (BEXI).
• Martin S. Friedman, as the managing member of FJ Capital, is the sub-investment adviser to BEXI and the managing member and investment adviser to Financial Opportunity Fund LLC (FOF).
• FOF holds 1,936,721 shares of Riverview Bancorp common stock.
• BEXI no longer holds any shares.
• Friedman disclaims beneficial ownership of the securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment. This is a standard disclosure of a share sale. The impact on the company is uncertain.

Negatives

• FJ Capital Management sold a significant block of shares (186,348) which could exert downward pressure on the stock price.

Risks

• The sale of shares by FJ Capital Management could indicate a change in their investment outlook for Riverview Bancorp.
• The market may react negatively to the sale, potentially impacting the stock price.

Management Comments

• Martin S. Friedman disclaims beneficial ownership of the securities except to the extent of his pecuniary interest.

Industry Context

Form 4 filings are routine disclosures required by the SEC when insiders or significant shareholders trade in their company's stock. This filing indicates a change in ownership structure for Riverview Bancorp.

Stakeholder Impact

• Shareholders may react to the news of the share sale, potentially impacting the stock price.
• The sale could influence investor sentiment towards Riverview Bancorp.

Key Dates