Riverview Bancorp (NASDAQ:RVSB) Earns Hold Rating from Analysts at StockNews.com

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

Riverview Bancorp Trading Down 0.4 %

RVSB opened at $5.64 on Friday. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $6.16. The firm has a market capitalization of $118.83 million, a PE 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. The company’s 50-day moving average is $5.43 and its 200 day moving average is $4.80.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $18.78 million during the quarter, compared to the consensus estimate of $12.20 million. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. As a group, research analysts predict that Riverview Bancorp will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fourthstone LLC raised its stake 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 worth $8,414,000 after purchasing an additional 60,195 shares during the period. Geode Capital Management LLC grew its position 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 during the period. Finally, Empowered Funds LLC increased its stake 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 worth $423,000 after purchasing an additional 4,556 shares during the last quarter. Hedge funds and other 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.