StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB – Free Report) in a research note published on Thursday. The brokerage issued a hold rating on the savings and loans company’s stock.
Riverview Bancorp Stock Down 0.4 %
NASDAQ:RVSB opened at $4.50 on Thursday. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $6.57. The firm has a market cap of $94.95 million, a P/E ratio of 25.00 and a beta of 0.80. The firm has a 50-day simple moving average of $4.17 and a two-hundred day simple moving average of $4.38. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.83 and a current ratio of 0.86.
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last posted its earnings results on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. The company had revenue of $17.77 million for the quarter, compared to the consensus estimate of $12.20 million. Analysts predict that Riverview Bancorp will post 0.16 earnings per share for the current fiscal year.
Riverview Bancorp Cuts Dividend
Institutional Trading of Riverview Bancorp
Hedge funds have recently bought and sold shares of the company. Mendon Capital Advisors Corp purchased a new position in Riverview Bancorp in the fourth quarter worth about $216,000. Vanguard Group Inc. boosted its holdings in shares of Riverview Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock worth $4,261,000 after buying an additional 6,615 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Riverview Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock valued at $374,000 after buying an additional 5,950 shares during the period. Hedge funds and other 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.
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