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

Research analysts at StockNews.com initiated coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a report released on Wednesday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Price Performance

RVSB stock opened at $4.65 on Wednesday. The company’s fifty day moving average price is $4.58 and its 200-day moving average price is $4.31. Riverview Bancorp has a one year low of $3.30 and a one year high of $6.57. The company has a market capitalization of $98.12 million, a PE ratio of 26.06 and a beta of 0.77. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86.

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

Institutional Trading of Riverview Bancorp

An institutional investor recently raised its position in Riverview Bancorp stock. Empowered Funds LLC lifted its position in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,206 shares of the savings and loans company’s stock after acquiring an additional 5,950 shares during the quarter. Empowered Funds LLC owned 0.38% of Riverview Bancorp worth $374,000 as of its most recent SEC filing. 69.60% of the stock is owned by institutional investors.

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.