Riverview Bancorp (NASDAQ:RVSB) Coverage Initiated by Analysts at StockNews.com

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

Riverview Bancorp Stock Down 0.2 %

Riverview Bancorp stock opened at $5.64 on Monday. The company has a market cap of $118.83 million, a P/E ratio of 112.80 and a beta of 0.78. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $5.89. The company has a fifty day simple moving average of $5.67 and a 200 day simple moving average of $5.01. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. Research analysts anticipate 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 modified their holdings of the company. Empowered Funds LLC boosted 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 worth $423,000 after buying an additional 4,556 shares during the period. Geode Capital Management LLC boosted 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 worth $988,000 after buying an additional 5,551 shares during the period. Finally, Fourthstone LLC boosted 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 worth $8,414,000 after buying an additional 60,195 shares during the period. 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.