Riverview Bancorp (NASDAQ:RVSB) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research note issued to investors on Saturday. The firm set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Price Performance

Shares of NASDAQ RVSB opened at $5.64 on Friday. The company has a market capitalization of $118.83 million, a price-to-earnings ratio of 112.80 and a beta of 0.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $5.98. The business has a 50-day moving average of $5.54 and a 200-day moving average of $4.88.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $12.20 million. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. On average, equities analysts anticipate that Riverview Bancorp will post 0.18 EPS for the current fiscal year.

Institutional Trading of Riverview Bancorp

Several large investors have recently modified their holdings of RVSB. Empowered Funds LLC lifted its stake 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 worth $423,000 after acquiring an additional 4,556 shares in the last quarter. Geode Capital Management LLC increased its holdings in Riverview Bancorp by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock worth $988,000 after purchasing an additional 5,551 shares during the last quarter. Finally, Fourthstone LLC raised its position in shares of 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 valued at $8,414,000 after purchasing an additional 60,195 shares in the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

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.