Riverview Bancorp (NASDAQ:RVSB) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a report issued on Tuesday morning. The firm issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Price Performance

Shares of RVSB opened at $5.80 on Tuesday. 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 firm has a market cap of $122.20 million, a price-to-earnings ratio of 116.00 and a beta of 0.81. Riverview Bancorp has a 52 week low of $3.30 and a 52 week high of $6.57. The stock has a 50 day moving average of $5.07 and a 200-day moving average of $4.59.

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

Riverview Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, October 7th were issued a dividend of $0.02 per share. The ex-dividend date was Monday, October 7th. This represents a $0.08 annualized dividend and a yield of 1.38%. Riverview Bancorp’s payout ratio is 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

Several large investors have recently made changes to their positions in RVSB. Empowered Funds LLC increased its stake in Riverview Bancorp by 5.3% in 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Riverview Bancorp by 2.7% in the third 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 increased 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 worth $8,414,000 after acquiring an additional 60,195 shares in the last quarter. 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.