StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSB – Free Report) 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 – Get Free Report) 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
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.
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