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

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

Riverview Bancorp Stock Performance

NASDAQ RVSB opened at $5.75 on Thursday. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $6.44. 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 business’s 50 day moving average price is $5.35 and its 200-day moving average price is $4.75. The company has a market cap of $121.15 million, a P/E ratio of 115.00 and a beta of 0.81.

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 (EPS) for the quarter, beating 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 company had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $12.20 million. Sell-side analysts predict that Riverview Bancorp will post 0.18 earnings per share for the current year.

Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Thursday, January 2nd. Riverview Bancorp’s payout ratio is 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fourthstone LLC boosted its holdings in shares of Riverview Bancorp by 3.5% in 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 acquiring an additional 60,195 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 last quarter. Finally, Empowered Funds LLC raised its position in 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 valued at $423,000 after acquiring an additional 4,556 shares in the last quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.

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.