Riverview Bancorp (NASDAQ:RVSB) Receives New Coverage from Analysts at StockNews.com

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

Riverview Bancorp Stock Performance

NASDAQ RVSB opened at $4.40 on Monday. The business’s fifty day moving average is $3.97 and its 200-day moving average is $4.53. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $92.88 million, a price-to-earnings ratio of 24.45 and a beta of 0.80. Riverview Bancorp has a one year low of $3.30 and a one year high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Thursday, April 25th. The savings and loans company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $9.05 million for the quarter, compared to the consensus estimate of $11.90 million. Riverview Bancorp had a net margin of 5.69% and a return on equity of 4.92%. Equities research analysts predict that Riverview Bancorp will post 0.25 EPS for the current year.

Riverview Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Wednesday, July 10th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.82%. Riverview Bancorp’s dividend payout ratio is presently 44.45%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Empowered Funds LLC lifted its holdings in Riverview Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock worth $374,000 after purchasing an additional 5,950 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Riverview Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock worth $4,261,000 after buying an additional 6,615 shares in the last quarter. Finally, Mendon Capital Advisors Corp bought a new stake in shares of Riverview Bancorp during the 4th quarter valued at about $216,000. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

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.