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

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

Riverview Bancorp Trading Down 1.5 %

Shares of Riverview Bancorp stock opened at $4.62 on Friday. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $6.57. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $97.53 million, a P/E ratio of 25.67 and a beta of 0.80. The company has a fifty day moving average of $4.33 and a 200 day moving average of $4.34.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $17.77 million during the quarter, compared to the consensus estimate of $12.20 million. Riverview Bancorp had a return on equity of 3.69% and a net margin of 2.86%. On average, sell-side analysts anticipate that Riverview Bancorp will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Riverview Bancorp

An institutional investor recently raised its position in Riverview Bancorp stock. Empowered Funds LLC lifted its position in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,206 shares of the savings and loans company’s stock after purchasing an additional 5,950 shares during the quarter. Empowered Funds LLC owned about 0.38% of Riverview Bancorp worth $374,000 at the end of the most recent reporting period. Institutional investors own 69.60% of the company’s stock.

About Riverview Bancorp

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.