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

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

Riverview Bancorp Price Performance

Shares of Riverview Bancorp stock opened at $5.48 on Tuesday. The stock’s fifty day moving average is $5.66 and its 200 day moving average is $5.05. Riverview Bancorp has a one year low of $3.30 and a one year high of $5.89. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $115.46 million, a P/E ratio of 137.03 and a beta of 0.77.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data 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 return on equity of 2.93% and a net margin of 1.13%. Sell-side analysts anticipate that Riverview Bancorp will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RVSB. 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 valued at $8,414,000 after purchasing an additional 60,195 shares during the last quarter. Geode Capital Management LLC boosted its stake in Riverview Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock valued at $988,000 after buying an additional 5,551 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Riverview Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 94,406 shares of the savings and loans company’s stock valued at $540,000 after buying an additional 4,524 shares in the last quarter. Institutional investors own 69.60% of the company’s stock.

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.