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

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

Riverview Bancorp Stock Performance

Shares of NASDAQ:RVSB opened at $4.74 on Friday. The company has a market capitalization of $100.01 million, a PE ratio of 94.80 and a beta of 0.76. 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 business’s fifty day simple moving average is $4.63 and its 200-day simple moving average is $4.32.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.08%. The firm had revenue of $18.78 million during the quarter, compared to analyst estimates of $12.20 million. As a group, equities research analysts predict that Riverview Bancorp will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Riverview Bancorp

A hedge fund recently raised its stake in Riverview Bancorp stock. Empowered Funds LLC boosted its holdings in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,206 shares of the savings and loans company’s stock after purchasing an additional 5,950 shares during the quarter. Empowered Funds LLC owned approximately 0.38% of Riverview Bancorp worth $374,000 at the end of the most recent reporting period. 69.60% of the stock is currently owned by institutional investors.

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.