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 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 $5.52 on Tuesday. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.57. The stock has a market cap of $116.30 million, a P/E ratio of 110.40 and a beta of 0.81. 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’s 50-day moving average price is $5.11 and its two-hundred day moving average price is $4.61.

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

Riverview Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.08 annualized dividend and a yield of 1.45%. Riverview Bancorp’s dividend payout ratio is 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC grew 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 worth $423,000 after buying an additional 4,556 shares in the last quarter. Geode Capital Management LLC grew 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 acquiring an additional 5,551 shares during the last quarter. Finally, Fourthstone LLC boosted its position 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 buying an additional 60,195 shares during the period. 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.