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

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

Riverview Bancorp Trading Up 0.2 %

Riverview Bancorp stock opened at $5.64 on Friday. The firm has a 50-day moving average price of $5.54 and a two-hundred day moving average price of $4.88. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $5.98. The firm has a market capitalization of $118.83 million, a price-to-earnings ratio of 112.80 and a beta of 0.78. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82.

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

Hedge Funds Weigh In On Riverview Bancorp

Several large investors have recently bought and sold shares of RVSB. Empowered Funds LLC lifted its stake in shares of 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 acquiring an additional 4,556 shares during the period. Geode Capital Management LLC raised its holdings 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 worth $988,000 after purchasing an additional 5,551 shares in the last quarter. Finally, Fourthstone LLC raised its holdings in Riverview Bancorp by 3.5% during the third quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after purchasing an additional 60,195 shares in 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.