Riverview Bancorp (NASDAQ:RVSB) Coverage Initiated at StockNews.com

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

Riverview Bancorp Price Performance

Shares of Riverview Bancorp stock opened at $5.64 on Friday. The stock’s fifty day moving average is $5.54 and its 200 day moving average is $4.89. Riverview Bancorp has a one year low of $3.30 and a one year high of $5.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $118.83 million, a P/E ratio of 112.80 and a beta of 0.78.

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, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $18.78 million for the quarter, compared to the consensus estimate of $12.20 million. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. Sell-side analysts anticipate that Riverview Bancorp will post 0.18 earnings per share for the current year.

Institutional Trading of Riverview Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the company. Fourthstone LLC increased its stake in Riverview Bancorp by 3.5% in the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after buying an additional 60,195 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 worth $988,000 after acquiring an additional 5,551 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Riverview Bancorp by 5.3% in the third 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 period. 69.60% of the stock is currently owned by institutional investors.

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.