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

StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research note released on Wednesday morning. The firm issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Stock Up 0.5 %

NASDAQ:RVSB opened at $5.79 on Wednesday. The stock has a 50-day simple moving average of $5.20 and a 200 day simple moving average of $4.66. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $6.51. The company has a market cap of $121.99 million, a PE ratio of 115.80 and a beta of 0.81. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86.

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

Riverview Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.38%. Riverview Bancorp’s dividend payout ratio is 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

Several hedge funds have recently modified their holdings of RVSB. Empowered Funds LLC boosted its position 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 valued at $423,000 after purchasing an additional 4,556 shares during the last quarter. Geode Capital Management LLC increased its position 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 purchasing an additional 5,551 shares during the last quarter. Finally, Fourthstone LLC raised its stake in shares of 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 purchasing an additional 60,195 shares in the last quarter. 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.