Riverview Bancorp (NASDAQ:RVSB) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB – Get Rating) in a report released on Monday. The firm issued a buy rating on the savings and loans company’s stock.

Separately, Zacks Investment Research upgraded Riverview Bancorp from a sell rating to a hold rating in a research report on Tuesday, April 5th.

Shares of NASDAQ RVSB opened at $7.42 on Monday. Riverview Bancorp has a fifty-two week low of $6.44 and a fifty-two week high of $8.22. The company’s 50 day simple moving average is $7.60. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18. The firm has a market cap of $164.55 million, a price-to-earnings ratio of 7.81 and a beta of 0.76.

Riverview Bancorp (NASDAQ:RVSB – Get Rating) last issued its quarterly earnings data on Thursday, January 27th. The savings and loans company reported $0.25 earnings per share for the quarter. Riverview Bancorp had a return on equity of 13.37% and a net margin of 34.09%. The firm had revenue of $15.18 million during the quarter. As a group, equities analysts anticipate that Riverview Bancorp will post 0.95 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 21st. Stockholders of record on Monday, April 11th will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, April 8th. This represents a $0.22 annualized dividend and a dividend yield of 2.96%. Riverview Bancorp’s payout ratio is 23.16%.

Several institutional investors and hedge funds have recently modified their holdings of RVSB. Morgan Stanley boosted its position in Riverview Bancorp by 31.9% during the 2nd quarter. Morgan Stanley now owns 87,959 shares of the savings and loans company’s stock valued at $624,000 after purchasing an additional 21,281 shares during the period. Russell Investments Group Ltd. boosted its position in Riverview Bancorp by 4.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 94,043 shares of the savings and loans company’s stock valued at $682,000 after purchasing an additional 4,161 shares during the period. Creative Planning acquired a new position in Riverview Bancorp during the 3rd quarter valued at approximately $84,000. American Century Companies Inc. boosted its position in Riverview Bancorp by 16.7% during the 3rd quarter. American Century Companies Inc. now owns 54,474 shares of the savings and loans company’s stock valued at $396,000 after purchasing an additional 7,802 shares during the period. Finally, Geode Capital Management LLC boosted its position in Riverview Bancorp by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 229,144 shares of the savings and loans company’s stock valued at $1,665,000 after purchasing an additional 7,467 shares during the period. Institutional investors own 61.69% of the company’s stock.

Riverview Bancorp Company Profile (Get Rating)

Riverview Bancorp, Inc operates as a holding company. It provides community banking services to small and medium size businesses, professionals, and 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.

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