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

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

Riverview Bancorp Stock Performance

Shares of RVSB stock opened at $3.98 on Friday. Riverview Bancorp has a 52-week low of $3.37 and a 52-week high of $6.57. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.76. The stock has a market cap of $84.02 million, a PE ratio of 22.11 and a beta of 0.83. The business has a 50-day simple moving average of $3.99 and a 200-day simple moving average of $4.84.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Thursday, April 25th. The savings and loans company reported $0.04 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.05 million during the quarter, compared to the consensus estimate of $11.90 million. On average, equities analysts expect that Riverview Bancorp will post 0.25 EPS for the current year.

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Riverview Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock valued at $4,261,000 after purchasing an additional 6,615 shares in the last quarter. Empowered Funds LLC boosted its holdings in Riverview Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock worth $374,000 after buying an additional 5,950 shares during the last quarter. Finally, Mendon Capital Advisors Corp purchased a new stake in Riverview Bancorp during the 4th quarter worth approximately $216,000. 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.