Riverview Bancorp (NASDAQ:RVSB) Earns Hold Rating from Analysts at StockNews.com

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

Riverview Bancorp Stock Performance

NASDAQ RVSB opened at $4.72 on Tuesday. The firm has a market capitalization of $99.59 million, a P/E ratio of 26.22 and a beta of 0.77. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92. The firm’s fifty day moving average price is $4.56 and its two-hundred day moving average price is $4.32. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Riverview Bancorp had a return on equity of 3.69% and a net margin of 2.86%. The firm had revenue of $17.77 million for the quarter, compared to analyst estimates of $12.20 million. As a group, research analysts anticipate that Riverview Bancorp will post 0.16 EPS for the current year.

Institutional Trading of Riverview Bancorp

An institutional investor recently raised its position in Riverview Bancorp stock. Empowered Funds LLC boosted its holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,206 shares of the savings and loans company’s stock after acquiring an additional 5,950 shares during the period. Empowered Funds LLC owned 0.38% of Riverview Bancorp worth $374,000 as of its most recent filing with the Securities and Exchange Commission. 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.