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 Friday morning. The brokerage issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Stock Up 2.5 %

Shares of NASDAQ RVSB opened at $5.24 on Friday. The firm has a market capitalization of $109.91 million, a PE ratio of 131.03 and a beta of 0.75. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.72. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $5.89. The firm’s 50-day moving average is $5.47 and its 200-day moving average is $5.15.

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

Riverview Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd were given a $0.02 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.53%. Riverview Bancorp’s dividend payout ratio is 200.00%.

Insider Activity at Riverview Bancorp

In related news, major shareholder Martin S. Friedman sold 50,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $5.49, for a total value of $277,245.00. Following the sale, the insider now directly owns 186,348 shares in the company, valued at $1,023,050.52. This trade represents a 21.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Riverview Bancorp

A number of hedge funds have recently modified their holdings of RVSB. Geode Capital Management LLC raised its holdings in 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 worth $988,000 after buying an additional 5,551 shares during the period. Empowered Funds LLC raised its holdings 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 buying an additional 4,556 shares during the period. Fourthstone LLC raised its holdings 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 worth $8,414,000 after buying an additional 60,195 shares during the period. Jane Street Group LLC acquired a new stake in Riverview Bancorp during the 4th quarter worth approximately $87,000. Finally, Ameriprise Financial Inc. raised its holdings in Riverview Bancorp by 17.6% during the 4th quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company’s stock worth $5,415,000 after buying an additional 141,400 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.