Riverview Bancorp (NASDAQ:RVSB) Earns Hold Rating from Analysts at StockNews.com

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

Riverview Bancorp Stock Down 1.1 %

Shares of NASDAQ RVSB opened at $5.48 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $5.89. The firm’s 50-day moving average price is $5.66 and its 200-day moving average price is $5.05. The stock has a market capitalization of $115.46 million, a price-to-earnings ratio of 137.03 and a beta of 0.77.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.93% and a net margin of 1.13%. On average, equities research analysts anticipate that Riverview Bancorp will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Riverview Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings 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 valued at $988,000 after purchasing an additional 5,551 shares during the last quarter. Empowered Funds LLC grew its position in Riverview Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after acquiring an additional 4,556 shares during the last quarter. Finally, Fourthstone LLC increased 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 worth $8,414,000 after purchasing an additional 60,195 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.