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 sent to investors on Wednesday morning. The firm issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB opened at $5.14 on Wednesday. The firm has a 50 day moving average of $5.59 and a 200-day moving average of $5.09. The stock has a market capitalization of $107.84 million, a PE ratio of 128.53 and a beta of 0.77. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.72. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $5.89.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.92%. On average, equities research analysts predict that Riverview Bancorp will post 0.2 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio is 200.05%.

Insider Buying and Selling

In other Riverview Bancorp news, major shareholder Martin S. Friedman sold 50,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $5.49, for a total transaction of $277,245.00. Following the sale, the insider now directly owns 186,348 shares of the company’s stock, valued at $1,023,050.52. The trade was a 21.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Riverview Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in Riverview Bancorp during the 4th quarter worth approximately $87,000. Arrowstreet Capital Limited Partnership bought a new stake in Riverview Bancorp during the 4th quarter worth approximately $224,000. Empowered Funds LLC grew its holdings in 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 grew its holdings in Riverview Bancorp by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock worth $988,000 after acquiring an additional 5,551 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in Riverview Bancorp by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company’s stock worth $1,460,000 after acquiring an additional 2,924 shares during the last quarter. 69.60% of the stock is owned by 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.