Riverview Bancorp (NASDAQ:RVSB) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB) 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) 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

The company also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.02 per share. The ex-dividend date was Wednesday, July 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.78%. Riverview Bancorp’s payout ratio is 44.45%.

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.