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

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

Riverview Bancorp Trading Up 2.5 %

Shares of NASDAQ RVSB opened at $5.24 on Friday. The company has a market cap of $109.91 million, a price-to-earnings ratio of 131.03 and a beta of 0.77. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $5.89. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.72. The stock’s 50 day simple moving average is $5.48 and its 200 day simple moving average is $5.13.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.92% and a net margin of 1.13%. Equities research analysts expect that Riverview Bancorp will post 0.2 EPS for the current year.

Riverview Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, January 2nd. Riverview Bancorp’s payout ratio is currently 200.00%.

Insider Buying and Selling at Riverview Bancorp

In other Riverview Bancorp news, major shareholder Martin S. Friedman sold 50,500 shares of Riverview Bancorp stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total transaction of $277,245.00. Following the sale, the insider now owns 186,348 shares of the company’s stock, valued at $1,023,050.52. The trade was a 21.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Riverview Bancorp during the 4th quarter valued at $87,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Riverview Bancorp during the 4th quarter valued at $224,000. Empowered Funds LLC increased its position in shares of Riverview Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after purchasing an additional 4,556 shares during the period. Geode Capital Management LLC increased its position in shares of 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 period. Finally, Bridgeway Capital Management LLC increased its position in shares of Riverview Bancorp by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company’s stock valued at $1,460,000 after purchasing an additional 2,924 shares during the period. 69.60% of the stock is currently owned by institutional investors and hedge funds.

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.