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

Analysts at StockNews.com initiated coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a report issued on Thursday. The firm set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Price Performance

Riverview Bancorp stock 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. The company has a 50-day moving average price of $5.37 and a 200 day moving average price of $4.76. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $6.37. The stock has a market cap of $120.73 million, a P/E ratio of 114.60 and a beta of 0.81.

Riverview Bancorp (NASDAQ:RVSB) last announced 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. 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. Sell-side analysts anticipate that Riverview Bancorp will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position 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 in the last quarter. Fourthstone LLC lifted its position 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. Finally, Empowered Funds LLC boosted its stake in shares of Riverview Bancorp by 5.3% in the third 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. 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.