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

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

Riverview Bancorp Stock Up 1.7 %

Shares of Riverview Bancorp stock opened at $4.75 on Friday. The company has a market capitalization of $100.23 million, a P/E ratio of 47.50 and a beta of 0.77. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.86 and a quick ratio of 0.86. The business has a 50-day moving average of $4.59 and a two-hundred day moving average of $4.30. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data 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). The company had revenue of $17.77 million for the quarter, compared to the consensus estimate of $12.20 million. Riverview Bancorp had a return on equity of 3.69% and a net margin of 2.86%. As a group, equities analysts predict that Riverview Bancorp will post 0.16 EPS for the current year.

Institutional Trading of Riverview Bancorp

A hedge fund recently raised its stake in Riverview Bancorp stock. Empowered Funds LLC raised its position in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,206 shares of the savings and loans company’s stock after acquiring an additional 5,950 shares during the quarter. Empowered Funds LLC owned approximately 0.38% of Riverview Bancorp worth $374,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 69.60% of the company’s stock.

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.