Riverview Bancorp (NASDAQ:RVSB) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Trading Down 0.2 %

Shares of NASDAQ:RVSB opened at $5.74 on Thursday. The stock has a market capitalization of $120.94 million, a PE ratio of 114.80 and a beta of 0.81. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.51. The firm has a fifty day moving average price of $5.33 and a 200 day moving average price of $4.74. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82.

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. The firm 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%. Analysts expect that Riverview Bancorp will post 0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Riverview Bancorp

A number of hedge funds have recently bought and sold shares of RVSB. Empowered Funds LLC boosted 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 valued at $423,000 after acquiring an additional 4,556 shares during the period. Fourthstone LLC boosted its holdings 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 acquiring an additional 60,195 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Riverview Bancorp by 2.7% during 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 acquiring an additional 5,551 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.