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

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

Riverview Bancorp Stock Performance

Shares of RVSB stock traded down $0.07 during trading hours on Wednesday, reaching $4.48. The company had a trading volume of 11,925 shares, compared to its average volume of 48,708. The firm has a market cap of $94.57 million, a PE ratio of 24.89 and a beta of 0.80. The business has a fifty day moving average price of $4.12 and a 200-day moving average price of $4.41. Riverview Bancorp has a one year low of $3.30 and a one year high of $6.57. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.83 and a current ratio of 0.83.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Riverview Bancorp had a return on equity of 3.70% and a net margin of 2.86%. The company had revenue of $17.77 million during the quarter, compared to the consensus estimate of $12.20 million. Sell-side analysts predict that Riverview Bancorp will post 0.16 earnings per share for the current fiscal year.

Riverview Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Wednesday, July 10th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $0.08 annualized dividend and a yield of 1.79%. Riverview Bancorp’s dividend payout ratio (DPR) is currently 44.45%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mendon Capital Advisors Corp acquired a new position in shares of Riverview Bancorp during the fourth quarter valued at about $216,000. Vanguard Group Inc. grew its holdings in shares of Riverview Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock valued at $4,261,000 after buying an additional 6,615 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Riverview Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock valued at $374,000 after acquiring an additional 5,950 shares during the period. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

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.