StockNews.com Initiates Coverage on Riverview Bancorp (NASDAQ:RVSB)

StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a report issued on Friday. The brokerage issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Price Performance

NASDAQ RVSB opened at $5.48 on Friday. 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 has a market capitalization of $115.46 million, a PE ratio of 109.60 and a beta of 0.78. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $6.16. The company has a 50 day moving average price of $5.45 and a two-hundred day moving average price of $4.81.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) 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 net margin of 1.47% and a return on equity of 3.06%. As a group, equities analysts predict that Riverview Bancorp will post 0.18 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, January 2nd. Riverview Bancorp’s payout ratio is 160.00%.

Institutional Investors Weigh In On Riverview Bancorp

Large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its position in shares of Riverview Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after purchasing an additional 4,556 shares during the period. Geode Capital Management LLC grew its stake in Riverview Bancorp by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock valued at $988,000 after buying an additional 5,551 shares during the last quarter. Finally, Fourthstone LLC raised its holdings in Riverview Bancorp by 3.5% in the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after acquiring an additional 60,195 shares during the period. 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.