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

StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB opened at $3.98 on Friday. The company has a 50-day moving average price of $3.99 and a two-hundred day moving average price of $4.84. Riverview Bancorp has a twelve month low of $3.37 and a twelve month high of $6.57. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $84.02 million, a PE ratio of 22.11 and a beta of 0.83.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Thursday, April 25th. The savings and loans company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Riverview Bancorp had a net margin of 5.69% and a return on equity of 4.92%. The company had revenue of $9.05 million during the quarter, compared to the consensus estimate of $11.90 million. Equities analysts forecast that Riverview Bancorp will post 0.25 EPS for the current year.

Institutional Trading of Riverview Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its holdings in shares of Riverview Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock worth $374,000 after purchasing an additional 5,950 shares during the period. Vanguard Group Inc. grew its stake in Riverview Bancorp by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock worth $4,261,000 after buying an additional 6,615 shares in the last quarter. Finally, Mendon Capital Advisors Corp bought a new position in shares of Riverview Bancorp in the 4th quarter worth $216,000. Hedge funds and other 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.