Riverview Bancorp (NASDAQ:RVSB) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a report issued on Tuesday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Stock Down 0.9 %

Riverview Bancorp stock opened at $4.65 on Tuesday. Riverview Bancorp has a twelve month low of $3.30 and a twelve month high of $6.57. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $98.17 million, a PE ratio of 25.83 and a beta of 0.77. The firm’s 50 day moving average price is $4.53 and its two-hundred day moving average price is $4.32.

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

Institutional Investors Weigh In On Riverview Bancorp

An institutional investor recently raised its position in Riverview Bancorp stock. Empowered Funds LLC grew its holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 0.38% of Riverview Bancorp worth $374,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 69.60% of the company’s stock.

About Riverview Bancorp

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.