StockNews.com Initiates Coverage on Riverview Bancorp (NASDAQ:RVSB)

Stock analysts at StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB – Get Rating) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the savings and loans company’s stock.

Riverview Bancorp Stock Down 1.8 %

Shares of NASDAQ RVSB opened at $7.18 on Tuesday. The firm’s 50-day moving average price is $7.54 and its 200-day moving average price is $7.07. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $154.42 million, a price-to-earnings ratio of 8.07 and a beta of 0.78. Riverview Bancorp has a 12-month low of $6.08 and a 12-month high of $8.00.

Riverview Bancorp (NASDAQ:RVSB – Get Rating) last posted its earnings results on Thursday, October 27th. The savings and loans company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $16.57 million during the quarter, compared to analysts’ expectations of $16.20 million. Riverview Bancorp had a net margin of 30.17% and a return on equity of 12.53%. On average, equities research analysts anticipate that Riverview Bancorp will post 0.9 EPS for the current fiscal year.

Insider Activity at Riverview Bancorp

In related news, Director Larry Hoff bought 8,800 shares of the stock in a transaction dated Monday, November 7th. The stock was acquired at an average price of $6.96 per share, for a total transaction of $61,248.00. Following the acquisition, the director now owns 8,800 shares in the company, valued at approximately $61,248. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On Riverview Bancorp

Several hedge funds have recently modified their holdings of RVSB. Advisor Group Holdings Inc. lifted its position in shares of Riverview Bancorp by 33.5% during the first quarter. Advisor Group Holdings Inc. now owns 8,029 shares of the savings and loans company’s stock worth $60,000 after purchasing an additional 2,014 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Riverview Bancorp by 3,162.1% during the third quarter. Tower Research Capital LLC TRC now owns 11,352 shares of the savings and loans company’s stock worth $72,000 after acquiring an additional 11,004 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in Riverview Bancorp in the 2nd quarter valued at about $94,000. Millennium Management LLC lifted its holdings in Riverview Bancorp by 53.0% in the 2nd quarter. Millennium Management LLC now owns 21,425 shares of the savings and loans company’s stock valued at $141,000 after acquiring an additional 7,420 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC lifted its stake in Riverview Bancorp by 13.6% during the second quarter. Hunter Perkins Capital Management LLC now owns 93,450 shares of the savings and loans company’s stock valued at $615,000 after buying an additional 11,200 shares in the last quarter. 63.04% of the stock is owned by institutional investors and hedge funds.

Riverview Bancorp Company Profile

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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.