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

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

Riverview Bancorp Stock Up 0.4 %

Shares of NASDAQ:RVSB opened at $5.62 on Monday. The stock has a market capitalization of $118.41 million, a P/E ratio of 140.54 and a beta of 0.77. The stock’s 50-day moving average price is $5.67 and its 200-day moving average price is $5.02. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $5.89.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.93% and a net margin of 1.13%. On average, equities analysts anticipate that Riverview Bancorp will post 0.18 earnings per share for the current year.

Institutional Investors Weigh In On Riverview Bancorp

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of Riverview Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after acquiring an additional 4,556 shares during the last quarter. Geode Capital Management LLC increased 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 valued at $988,000 after purchasing an additional 5,551 shares during the period. Finally, Fourthstone LLC increased 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 valued at $8,414,000 after purchasing an additional 60,195 shares during the period. Institutional investors 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.