SCHEDULE: Fourthstone Discloses 3.26% Stake in Riverview Bancorp

Fourthstone LLC and its affiliates have disclosed a 3.26% beneficial ownership stake in Riverview Bancorp Inc., totaling 682,930 shares of common stock.

Summary

• Fourthstone LLC, a Delaware Limited Liability Company and Investment Adviser, along with its affiliates, has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Riverview Bancorp Inc.
• The reporting persons collectively beneficially own 682,930 shares of Riverview Bancorp Inc. Common Stock.
• This aggregate amount represents 3.26% of the Issuer's outstanding Common Stock.
• The percentage is based on 20,976,200 shares of Common Stock outstanding as of March 31, 2025, according to Riverview Bancorp's Q4 2024 Earnings Release.
• Fourthstone LLC directly holds 682,930 shares on behalf of its advisory clients.
• Fourthstone Master Opportunity Fund Ltd holds 524,777 shares, representing 2.50% of the class.
• Fourthstone GP LLC holds 158,153 shares, representing 0.75% of the class.
• Fourthstone QP Opportunity Fund LP holds 138,573 shares, representing 0.66% of the class.
• Fourthstone Small-Cap Financials Fund LP holds 19,580 shares, representing 0.09% of the class.
• L. Phillip Stone, IV, as Managing Member of Fourthstone LLC and Fourthstone GP, is deemed to beneficially own 682,930 shares, representing 3.26% of the class.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the Issuer.

Sentiment

Score: 5

Explanation: A Schedule 13G filing, especially an amendment disclosing a non-controlling stake (below 5%) and explicitly stating no intent to influence control, is a routine regulatory disclosure. It provides factual ownership information without inherently positive or negative implications for the issuer's operational or financial performance.

Positives

• The filing indicates that the shares were acquired in the ordinary course of business by an investment adviser, suggesting a standard investment rather than an activist stance.
• The reporting persons explicitly state that the shares were not acquired or held for the purpose of changing or influencing the control of the Issuer, which can contribute to stability.

Future Outlook

NA

Management Comments

• Fourthstone LLC acquired the Issuer's shares in the ordinary course of business as a registered investment adviser and not with the purpose nor with the effect of influencing the control of the Issuer.
• Each of the Reporting Persons listed in this filing certify the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that effect.

Industry Context

This filing represents a routine disclosure of institutional ownership in a regional banking institution, common for investment advisers managing diversified portfolios. It does not indicate any specific industry trends or competitive actions.

Stakeholder Impact

• Shareholders: Provides transparency regarding institutional ownership, which can influence market perception and liquidity.

Key Dates

Keywords

Riverview Bancorp, Fourthstone LLC, Beneficial Ownership, SEC Filing, Schedule 13G, Common Stock, Investment Adviser, Financial Services, Banking