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

Research analysts at StockNews.com initiated coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Trading Down 0.3 %

Shares of NASDAQ:RVSB opened at $5.73 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $6.37. The business has a 50 day moving average of $5.37 and a two-hundred day moving average of $4.76. The company has a market capitalization of $120.73 million, a PE ratio of 114.60 and a beta of 0.81.

Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $12.20 million. As a group, analysts forecast that Riverview Bancorp will post 0.18 EPS for the current year.

Hedge Funds Weigh In On Riverview Bancorp

Large investors have recently bought and sold shares of the business. Empowered Funds LLC increased its holdings in Riverview Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock worth $423,000 after acquiring an additional 4,556 shares in the last quarter. Fourthstone LLC grew its stake in 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 acquiring an additional 60,195 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 valued at $988,000 after acquiring an additional 5,551 shares during the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

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.