Riverview Bancorp (NASDAQ:RVSB) Earns Hold Rating from Analysts at StockNews.com

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

Riverview Bancorp Price Performance

Shares of RVSB stock opened at $4.75 on Friday. The company has a market capitalization of $100.23 million, a P/E ratio of 47.50 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 0.92. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $6.57. The stock has a 50 day moving average of $4.59 and a two-hundred day moving average of $4.30.

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

Hedge Funds Weigh In On Riverview Bancorp

An institutional investor recently raised its position in Riverview Bancorp stock. Vanguard Group Inc. raised its holdings in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 0.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 902,739 shares of the savings and loans company’s stock after acquiring an additional 6,615 shares during the period. Vanguard Group Inc. owned approximately 4.28% of Riverview Bancorp worth $4,261,000 at the end of the most recent reporting period. 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.