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

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

Riverview Bancorp Price Performance

Shares of NASDAQ RVSB opened at $4.70 on Friday. The company has a market cap of $99.22 million, a PE ratio of 26.11 and a beta of 0.77. 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 business has a 50-day simple moving average of $4.62 and a two-hundred day simple moving average of $4.31. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results 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 company had revenue of $18.78 million during the quarter, compared to analyst estimates of $12.20 million. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.08%. As a group, equities analysts expect that Riverview Bancorp will post 0.16 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, October 7th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Monday, October 7th. Riverview Bancorp’s dividend payout ratio is presently 44.44%.

Institutional Investors Weigh In On Riverview Bancorp

A hedge fund recently raised its stake in Riverview Bancorp stock. Vanguard Group Inc. increased its holdings in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 0.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 902,739 shares of the savings and loans company’s stock after purchasing an additional 6,615 shares during the quarter. Vanguard Group Inc. owned 4.28% of Riverview Bancorp worth $4,261,000 at the end of the most recent reporting period. 69.60% of the stock is currently owned by institutional investors and hedge funds.

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.