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

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

Riverview Bancorp Trading Down 2.8 %

NASDAQ RVSB opened at $5.48 on Friday. The stock has a 50-day moving average of $5.46 and a 200-day moving average of $4.83. 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 $6.16. The firm has a market cap of $115.46 million, a PE ratio of 109.60 and a beta of 0.78.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. 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 worth $8,414,000 after purchasing an additional 60,195 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Riverview Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock valued at $988,000 after buying an additional 5,551 shares during the period. Finally, Empowered Funds LLC raised its stake in Riverview Bancorp by 5.3% in the third 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 in the last quarter. 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.