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

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

Riverview Bancorp Stock Down 0.5 %

NASDAQ RVSB opened at $5.85 on Tuesday. The company has a market capitalization of $123.25 million, a price-to-earnings ratio of 117.00 and a beta of 0.81. 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 has a 1-year low of $3.30 and a 1-year high of $6.57. The stock’s 50 day moving average is $5.07 and its two-hundred day moving average is $4.59.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $18.78 million for the quarter, compared to the consensus estimate of $12.20 million. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. Equities analysts forecast that Riverview Bancorp will post 0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Riverview Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its stake in shares of Riverview Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock worth $423,000 after buying an additional 4,556 shares during the last quarter. Geode Capital Management LLC raised its holdings in Riverview Bancorp by 2.7% in the 3rd 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. Finally, Fourthstone LLC raised its holdings in Riverview Bancorp by 3.5% in the 3rd 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. 69.60% of the stock is owned by institutional investors and hedge funds.

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.