Riverview Bancorp (NASDAQ:RVSB) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research report released on Thursday morning. The firm issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Stock Performance

NASDAQ RVSB opened at $4.50 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.83 and a current ratio of 0.86. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $6.57. The stock has a market cap of $94.95 million, a PE ratio of 25.00 and a beta of 0.80. The firm’s fifty day moving average price is $4.17 and its two-hundred day moving average price is $4.37.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Thursday, July 25th. The savings and loans company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. The firm had revenue of $17.77 million for the quarter, compared to the consensus estimate of $12.20 million. On average, equities analysts expect that Riverview Bancorp will post 0.16 EPS for the current fiscal year.

Riverview Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Wednesday, July 10th were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.78%. Riverview Bancorp’s dividend payout ratio is presently 44.45%.

Institutional Investors Weigh In On Riverview Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mendon Capital Advisors Corp bought a new position in shares of Riverview Bancorp during the 4th quarter valued at approximately $216,000. Empowered Funds LLC boosted its holdings in 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 worth $374,000 after buying an additional 5,950 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Riverview Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock valued at $4,261,000 after purchasing an additional 6,615 shares in the last quarter. Hedge funds and other 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.