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

Analysts at StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Trading Down 2.8 %

NASDAQ:RVSB opened at $5.48 on Friday. The company has a market cap of $115.46 million, a P/E ratio of 109.60 and a beta of 0.78. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.16. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86. The stock’s fifty day moving average price is $5.46 and its two-hundred day moving average price is $4.83.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. The business had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $12.20 million. As a group, analysts expect that Riverview Bancorp will post 0.18 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fourthstone LLC lifted its position in Riverview Bancorp by 3.5% during 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 worth $988,000 after acquiring an additional 5,551 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Riverview Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock worth $423,000 after acquiring an additional 4,556 shares during the last quarter. Hedge funds and other institutional investors 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.