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

StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a report issued on Thursday. The firm issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Trading Up 0.2 %

Shares of NASDAQ:RVSB opened at $5.75 on Thursday. The firm has a market capitalization of $121.15 million, a price-to-earnings ratio of 115.00 and a beta of 0.81. The business’s 50 day moving average price is $5.35 and its 200-day moving average price is $4.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.44.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. The firm had revenue of $18.78 million during the quarter, compared to the consensus estimate of $12.20 million. On average, equities research analysts forecast that Riverview Bancorp will post 0.18 earnings per share for the current fiscal year.

Riverview Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, January 2nd. Riverview Bancorp’s payout ratio is currently 160.00%.

Institutional Trading of Riverview Bancorp

A number of institutional investors have recently bought and sold shares of the business. Empowered Funds LLC raised its holdings in Riverview Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock worth $423,000 after purchasing an additional 4,556 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Riverview Bancorp by 2.7% in 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 during the last quarter. Finally, Fourthstone LLC lifted its position in Riverview Bancorp by 3.5% during the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after acquiring an additional 60,195 shares during the period. 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.