StockNews.com Initiates Coverage on Riverview Bancorp (NASDAQ:RVSB)

Stock analysts at 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 Trading Down 0.4 %

Shares of RVSB stock opened at $5.11 on Friday. The firm has a fifty day moving average of $5.50 and a 200-day moving average of $5.13. The stock has a market cap of $107.19 million, a price-to-earnings ratio of 127.78 and a beta of 0.77. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $5.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.86 and a current ratio of 0.86.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.92%. On average, equities research analysts forecast that Riverview Bancorp will post 0.2 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Martin S. Friedman sold 50,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total transaction of $277,245.00. Following the sale, the insider now directly owns 186,348 shares in the company, valued at $1,023,050.52. This represents a 21.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by corporate insiders.

Institutional Trading of Riverview Bancorp

Several large investors have recently made changes to their positions in RVSB. Jane Street Group LLC acquired a new position in Riverview Bancorp during the 4th quarter worth about $87,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Riverview Bancorp during the fourth quarter worth approximately $224,000. Empowered Funds LLC grew its stake in shares of Riverview Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after purchasing an additional 4,556 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Riverview Bancorp by 2.7% during 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 purchasing an additional 5,551 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Riverview Bancorp by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company’s stock valued at $1,460,000 after purchasing an additional 2,924 shares in the last quarter. Institutional investors own 69.60% of the company’s stock.

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.