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

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

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB opened at $5.79 on Wednesday. The business has a fifty day moving average price of $5.20 and a 200-day moving average price of $4.66. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $121.99 million, a PE ratio of 115.80 and a beta of 0.81. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $6.51.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $18.78 million during the quarter, compared to analysts’ expectations 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 expect that Riverview Bancorp will post 0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Riverview Bancorp

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