Riverview Bancorp (NASDAQ:RVSB) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research report report published on Saturday morning. The brokerage issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Stock Up 0.2 %

NASDAQ:RVSB opened at $5.64 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $5.98. The stock’s fifty day simple moving average is $5.56 and its 200-day simple moving average is $4.90. The firm has a market capitalization of $118.83 million, a P/E ratio of 112.80 and a beta of 0.78.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $12.20 million. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. Equities research analysts expect that Riverview Bancorp will post 0.18 earnings per share for the current year.

Riverview Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 2nd. Riverview Bancorp’s payout ratio is presently 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

Several institutional investors have recently modified their holdings of the business. Fourthstone LLC raised its holdings in Riverview Bancorp by 3.5% during the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after buying an additional 60,195 shares during the period. Geode Capital Management LLC increased its position in shares of Riverview Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock worth $988,000 after acquiring an additional 5,551 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Riverview Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock worth $423,000 after acquiring an additional 4,556 shares during the period. Institutional investors own 69.60% of the company’s stock.

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.