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 report issued to clients and investors on Sunday. The firm set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Price Performance

NASDAQ:RVSB opened at $5.67 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average price is $5.62 and its 200 day moving average price is $4.95. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $5.89. The firm has a market cap of $119.46 million, a P/E ratio of 113.40 and a beta of 0.78.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share 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 during the quarter, compared to analyst estimates of $12.20 million. As a group, sell-side analysts predict that Riverview Bancorp will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Riverview Bancorp

Several large investors have recently modified their holdings of the stock. Empowered Funds LLC raised its position 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 worth $423,000 after purchasing an additional 4,556 shares during the period. Geode Capital Management LLC raised 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 buying an additional 5,551 shares during the period. Finally, Fourthstone LLC raised its holdings in 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 buying an additional 60,195 shares during the period. 69.60% of the stock is 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.