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

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

Riverview Bancorp Stock Performance

Shares of Riverview Bancorp stock opened at $4.62 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $4.33 and a 200 day simple moving average of $4.34. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $6.57. The firm has a market cap of $97.53 million, a P/E ratio of 25.67 and a beta of 0.80.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Thursday, July 25th. The savings and loans company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. The firm had revenue of $17.77 million during the quarter, compared to analyst estimates of $12.20 million. Sell-side analysts predict that Riverview Bancorp will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Riverview Bancorp stock. Empowered Funds LLC raised its holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,206 shares of the savings and loans company’s stock after acquiring an additional 5,950 shares during the quarter. Empowered Funds LLC owned about 0.38% of Riverview Bancorp worth $374,000 as of its most recent SEC filing. 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.