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

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

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB opened at $5.74 on Thursday. The company’s fifty day moving average is $5.33 and its two-hundred day moving average is $4.74. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $6.51. The company has a market cap of $120.94 million, a P/E ratio of 114.80 and a beta of 0.81.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (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 3.06%. The company had revenue of $18.78 million for the quarter, compared to the consensus estimate of $12.20 million. Equities analysts expect that Riverview Bancorp will post 0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Riverview Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC grew its holdings in shares of Riverview Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after acquiring an additional 4,556 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 valued at $988,000 after acquiring an additional 5,551 shares in the last quarter. Finally, Fourthstone LLC grew its holdings in shares of Riverview Bancorp by 3.5% during 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 acquiring an additional 60,195 shares in the last quarter. 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.