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 report published on Wednesday. The brokerage issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Price Performance

RVSB opened at $5.78 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $121.78 million, a P/E ratio of 115.60 and a beta of 0.81. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $6.51. The company has a 50-day moving average of $5.24 and a 200-day moving average of $4.68.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $18.78 million for the quarter, compared to the consensus estimate of $12.20 million. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. Equities analysts expect that Riverview Bancorp will post 0.18 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The business 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 $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio is presently 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC boosted its stake 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 valued at $423,000 after purchasing an additional 4,556 shares during the period. Fourthstone LLC grew its holdings in Riverview Bancorp by 3.5% in 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 in the last quarter. Finally, Geode Capital Management LLC raised its stake 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 valued at $988,000 after acquiring an additional 5,551 shares in 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.