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

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

Riverview Bancorp Trading Up 2.1 %

Shares of Riverview Bancorp stock opened at $4.79 on Friday. The stock has a fifty day moving average price of $4.64 and a 200-day moving average price of $4.33. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $101.07 million, a PE ratio of 95.80 and a beta of 0.76. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The business had revenue of $18.78 million during the quarter, compared to analyst estimates of $12.20 million. Riverview Bancorp had a return on equity of 3.08% and a net margin of 1.47%. Equities research analysts anticipate that Riverview Bancorp will post 0.18 EPS for the current year.

Riverview Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Monday, October 7th. Riverview Bancorp’s payout ratio is presently 160.00%.

Institutional Investors Weigh In On Riverview Bancorp

A hedge fund recently raised its stake in Riverview Bancorp stock. Vanguard Group Inc. boosted its position in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 902,739 shares of the savings and loans company’s stock after acquiring an additional 6,615 shares during the quarter. Vanguard Group Inc. owned 4.28% of Riverview Bancorp worth $4,261,000 as of its most recent filing with the Securities & Exchange Commission. 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.