StockNews.com Initiates Coverage on Riverview Bancorp (NASDAQ:RVSB)

StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research report issued on Friday. The firm set a “hold” rating on the savings and loans company’s stock.

Separately, TheStreet downgraded Riverview Bancorp from a “b-” rating to a “c+” rating in a research note on Friday, February 23rd.

Riverview Bancorp Stock Performance

Riverview Bancorp stock opened at $4.20 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $88.66 million, a P/E ratio of 23.33 and a beta of 0.75. The stock’s 50 day moving average is $4.54 and its 200 day moving average is $5.33. Riverview Bancorp has a twelve month low of $3.37 and a twelve month high of $6.57.

Institutional Investors Weigh In On Riverview Bancorp

A hedge fund recently bought a new stake in Riverview Bancorp stock. Mendon Capital Advisors Corp purchased a new stake in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 33,743 shares of the savings and loans company’s stock, valued at approximately $216,000. Mendon Capital Advisors Corp owned about 0.16% of Riverview Bancorp as of its most recent SEC filing. Hedge funds and other institutional investors own 69.60% of the company’s stock.

About Riverview Bancorp

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.