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

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

Riverview Bancorp Stock Performance

Shares of RVSB opened at $5.28 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. The stock has a market cap of $111.25 million, a P/E ratio of 132.03 and a beta of 0.77. The company has a 50-day moving average of $5.63 and a two-hundred day moving average of $5.08. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $5.89.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.93%. As a group, research analysts predict that Riverview Bancorp will post 0.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Martin S. Friedman sold 50,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $5.49, for a total value of $277,245.00. Following the completion of the transaction, the insider now owns 186,348 shares of the company’s stock, valued at $1,023,050.52. The trade was a 21.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Riverview Bancorp

A number of institutional investors have recently modified their holdings of the company. Fourthstone LLC raised its position in shares of Riverview Bancorp by 3.5% in the third quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock valued at $8,414,000 after buying an additional 60,195 shares during the last quarter. Nierenberg Investment Management Company Inc. raised its position in shares of Riverview Bancorp by 21.3% in the fourth quarter. Nierenberg Investment Management Company Inc. now owns 1,286,422 shares of the savings and loans company’s stock valued at $7,384,000 after buying an additional 225,822 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Riverview Bancorp by 0.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 948,801 shares of the savings and loans company’s stock valued at $5,446,000 after buying an additional 2,496 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Riverview Bancorp by 17.6% in the fourth quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company’s stock valued at $5,415,000 after buying an additional 141,400 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of Riverview Bancorp by 2.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company’s stock valued at $3,739,000 after buying an additional 15,395 shares during the last quarter. Institutional investors and hedge funds 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.