Riverview Bancorp (NASDAQ:RVSB) Research Coverage Started at StockNews.com

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

Riverview Bancorp Stock Performance

Shares of RVSB opened at $5.78 on Wednesday. The stock has a 50 day moving average price of $5.24 and a 200 day moving average price of $4.68. Riverview Bancorp has a 52-week low of $3.30 and a 52-week high of $6.51. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $121.78 million, a price-to-earnings ratio of 115.60 and a beta of 0.81.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results 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. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. The business had revenue of $18.78 million during the quarter, compared to the consensus estimate of $12.20 million. Research analysts predict that Riverview Bancorp will post 0.18 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The company also recently announced 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 1.38%. Riverview Bancorp’s payout ratio is 160.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Empowered Funds LLC increased its position in 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 worth $423,000 after purchasing an additional 4,556 shares in the last quarter. Geode Capital Management LLC raised its position in Riverview Bancorp by 2.7% in 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 purchasing an additional 5,551 shares during the period. Finally, Fourthstone LLC lifted its stake 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 worth $8,414,000 after purchasing an additional 60,195 shares in the last quarter. 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.