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

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

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB opened at $4.69 on Friday. The firm has a 50 day moving average of $4.64 and a 200-day moving average of $4.32. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $6.57. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $98.94 million, a PE ratio of 93.80 and a beta of 0.76.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.08%. The business had revenue of $18.78 million during the quarter, compared to the consensus estimate of $12.20 million. On average, equities research analysts predict 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 was paid on Friday, October 18th. Investors of record on Monday, October 7th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.08 annualized dividend and a dividend yield of 1.71%. Riverview Bancorp’s dividend payout ratio is currently 160.00%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Riverview Bancorp stock. Empowered Funds LLC grew its stake in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,206 shares of the savings and loans company’s stock after purchasing an additional 5,950 shares during the period. Empowered Funds LLC owned about 0.38% of Riverview Bancorp worth $374,000 as of its most recent filing with the Securities and Exchange Commission. 69.60% of the stock is owned by hedge funds and other institutional investors.

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.