StockNews.com Initiates Coverage on Riverview Bancorp (NASDAQ:RVSB)

StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research note issued on Sunday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Trading Down 0.5 %

NASDAQ:RVSB opened at $5.64 on Friday. The firm has a market capitalization of $118.83 million, a P/E ratio of 112.80 and a beta of 0.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86. Riverview Bancorp has a one year low of $3.30 and a one year high of $5.89. The company’s 50-day simple moving average is $5.63 and its 200 day simple moving average is $4.96.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Fourthstone LLC increased its holdings in shares of Riverview Bancorp by 3.5% during 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 acquiring an additional 60,195 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Riverview Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after buying an additional 4,556 shares during 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.