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

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

Riverview Bancorp Stock Performance

Shares of RVSB stock opened at $5.64 on Friday. The company’s 50 day moving average is $5.54 and its 200 day moving average is $4.88. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The firm has a market cap of $118.83 million, a price-to-earnings ratio of 112.80 and a beta of 0.78. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $5.98.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, topping 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 analyst estimates of $12.20 million. On average, sell-side analysts anticipate that Riverview Bancorp will post 0.18 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.08 annualized dividend and a yield of 1.42%. Riverview Bancorp’s dividend payout ratio (DPR) is 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC increased its position in shares of Riverview Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after acquiring an additional 4,556 shares during the period. Geode Capital Management LLC grew its stake in Riverview Bancorp by 2.7% during 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 purchasing an additional 5,551 shares during the last quarter. Finally, Fourthstone LLC increased its holdings in shares of Riverview Bancorp by 3.5% in the third quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock valued at $8,414,000 after purchasing an additional 60,195 shares during the period. 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.