Riverview Bancorp (NASDAQ:RVSB) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a report released on Wednesday. The firm set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB opened at $4.71 on Wednesday. The business has a 50 day moving average price of $4.56 and a 200 day moving average price of $4.31. Riverview Bancorp has a twelve month low of $3.30 and a twelve month high of $6.57. The company has a market cap of $99.38 million, a price-to-earnings ratio of 26.17 and a beta of 0.77. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.92.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. The business had revenue of $17.77 million for the quarter, compared to the consensus estimate of $12.20 million. Research analysts predict that Riverview Bancorp will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Riverview Bancorp stock. Empowered Funds LLC grew its holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,206 shares of the savings and loans company’s stock after buying an additional 5,950 shares during the quarter. Empowered Funds LLC owned 0.38% of Riverview Bancorp worth $374,000 as of its most recent filing with the SEC. 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.