Riverview Bancorp (NASDAQ:RVSB) Now Covered by Analysts at StockNews.com

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

Riverview Bancorp Stock Performance

Shares of RVSB opened at $5.48 on Friday. Riverview Bancorp has a one year low of $3.30 and a one year high of $6.16. The company has a 50-day moving average of $5.45 and a two-hundred day moving average of $4.81. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $115.46 million, a price-to-earnings ratio of 109.60 and a beta of 0.78.

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 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 analysts’ expectations of $12.20 million. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. On average, equities research analysts expect that Riverview Bancorp will post 0.18 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.08 dividend on an annualized basis and a yield of 1.46%. Riverview Bancorp’s payout ratio is presently 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

A number of large investors have recently made changes to their positions in the business. Empowered Funds LLC boosted 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 worth $423,000 after purchasing an additional 4,556 shares during the period. Geode Capital Management LLC lifted its position 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 worth $988,000 after buying an additional 5,551 shares in the last quarter. Finally, Fourthstone LLC boosted its stake in shares of Riverview Bancorp by 3.5% during 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 buying an additional 60,195 shares during the period. Institutional investors and hedge funds 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.