Riverview Bancorp (NASDAQ:RVSB) Earns Hold Rating from Analysts at StockNews.com

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

Riverview Bancorp Price Performance

NASDAQ:RVSB opened at $5.79 on Wednesday. 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 has a 12-month low of $3.30 and a 12-month high of $6.51. The stock’s 50 day moving average price is $5.20 and its two-hundred day moving average price is $4.66. The firm has a market capitalization of $121.99 million, a price-to-earnings ratio of 115.80 and a beta of 0.81.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share 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 business had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $12.20 million. On average, analysts anticipate that Riverview Bancorp will post 0.18 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd will be issued a $0.02 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.08 annualized dividend and a yield of 1.38%. Riverview Bancorp’s dividend payout ratio is currently 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Fourthstone LLC lifted its holdings in 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 worth $8,414,000 after purchasing an additional 60,195 shares during the last quarter. Geode Capital Management LLC increased its position in Riverview Bancorp by 2.7% during the 3rd 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, Empowered Funds LLC lifted its holdings in shares of 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 worth $423,000 after buying an additional 4,556 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.