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

StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research report sent to investors on Saturday. The firm issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Stock Up 0.2 %

NASDAQ:RVSB opened at $5.64 on Friday. Riverview Bancorp has a twelve month low of $3.30 and a twelve month high of $5.98. The firm has a market capitalization of $118.83 million, a price-to-earnings ratio of 112.80 and a beta of 0.78. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The stock’s 50 day moving average price is $5.56 and its two-hundred day moving average price is $4.90.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. The business had revenue of $18.78 million for the quarter, compared to the consensus estimate of $12.20 million. Equities research analysts expect that Riverview Bancorp will post 0.18 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 2nd. Riverview Bancorp’s payout ratio is currently 160.00%.

Institutional Trading of Riverview Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of RVSB. Empowered Funds LLC increased its holdings in shares of Riverview Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock worth $423,000 after acquiring an additional 4,556 shares during the last quarter. Geode Capital Management LLC boosted its position in Riverview Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock worth $988,000 after purchasing an additional 5,551 shares during the period. Finally, Fourthstone LLC increased its holdings in shares of Riverview Bancorp by 3.5% in the third quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock valued at $8,414,000 after purchasing an additional 60,195 shares during the last quarter. 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.