StockNews.com Initiates Coverage on Riverview Bancorp (NASDAQ:RVSB)

Analysts at StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a report released on Sunday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Stock Performance

Shares of RVSB stock opened at $5.67 on Friday. The company has a market capitalization of $119.46 million, a price-to-earnings ratio of 113.40 and a beta of 0.78. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $5.89. 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 fifty day simple moving average is $5.62 and its 200-day simple moving average is $4.95.

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

Hedge Funds Weigh In On Riverview Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fourthstone LLC grew its stake in Riverview Bancorp by 3.5% in the third quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock valued at $8,414,000 after purchasing an additional 60,195 shares in the last quarter. Geode Capital Management LLC raised its holdings in Riverview Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock valued at $988,000 after buying an additional 5,551 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Riverview Bancorp by 5.3% in 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 during the last quarter. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

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.