StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSB – Free Report) in a research report report published on Thursday. The firm issued a hold rating on the savings and loans company’s stock.
Separately, TheStreet downgraded Riverview Bancorp from a b- rating to a c+ rating in a research note on Friday, February 23rd.
Get Our Latest Stock Report on Riverview Bancorp
Riverview Bancorp Stock Up 0.8 %
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The savings and loans company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Riverview Bancorp had a return on equity of 4.92% and a net margin of 5.69%. The business had revenue of $9.05 million for the quarter, compared to the consensus estimate of $11.90 million. Equities research analysts anticipate that Riverview Bancorp will post 0.25 EPS for the current year.
Riverview Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Thursday, April 11th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date was Wednesday, April 10th. Riverview Bancorp’s dividend payout ratio (DPR) is currently 133.34%.
Institutional Trading of Riverview Bancorp
Several institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC raised its stake in shares of 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 purchasing an additional 5,950 shares during the last quarter. Vanguard Group Inc. raised its stake 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 purchasing an additional 6,615 shares during the last quarter. Finally, Mendon Capital Advisors Corp purchased a new stake in shares of Riverview Bancorp in the fourth quarter worth approximately $216,000. 69.60% of the stock is owned by hedge funds and other institutional investors.
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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