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

Stock analysts at StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Trading Up 2.0 %

Shares of NASDAQ:RVSB opened at $4.62 on Tuesday. The company has a 50 day moving average of $4.01 and a 200-day moving average of $4.48. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.76. The firm has a market cap of $97.53 million, a P/E ratio of 25.67 and a beta of 0.80. Riverview Bancorp has a twelve month low of $3.30 and a twelve month high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $17.77 million during the quarter, compared to analyst estimates of $12.20 million. Riverview Bancorp had a return on equity of 3.70% and a net margin of 2.86%. As a group, analysts anticipate that Riverview Bancorp will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Riverview Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mendon Capital Advisors Corp acquired a new position in shares of Riverview Bancorp in the 4th quarter worth approximately $216,000. Vanguard Group Inc. boosted its holdings in Riverview Bancorp by 0.7% during 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 in the last quarter. Finally, Empowered Funds LLC grew its position in Riverview Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock worth $374,000 after buying an additional 5,950 shares during the last quarter. 69.60% of the stock is owned by institutional investors and hedge funds.

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.