StockNews.com initiated coverage on shares of Riverview Bancorp (NASDAQ:RVSB – Free Report) in a research report released on Thursday morning. The firm issued a hold rating on the savings and loans company’s stock.
Riverview Bancorp Stock Performance
NASDAQ RVSB opened at $4.50 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.83 and a current ratio of 0.86. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $6.57. The stock has a market cap of $94.95 million, a PE ratio of 25.00 and a beta of 0.80. The firm’s fifty day moving average price is $4.17 and its two-hundred day moving average price is $4.37.
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The savings and loans company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. The firm had revenue of $17.77 million for the quarter, compared to the consensus estimate of $12.20 million. On average, equities analysts expect that Riverview Bancorp will post 0.16 EPS for the current fiscal year.
Riverview Bancorp Cuts Dividend
Institutional Investors Weigh In On Riverview Bancorp
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mendon Capital Advisors Corp bought a new position in shares of Riverview Bancorp during the 4th quarter valued at approximately $216,000. Empowered Funds LLC boosted its holdings in Riverview Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock worth $374,000 after buying an additional 5,950 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Riverview Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock valued at $4,261,000 after purchasing an additional 6,615 shares in the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.
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.
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