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

StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a report issued on Tuesday morning. The firm issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Stock Down 0.5 %

Shares of Riverview Bancorp stock opened at $5.45 on Tuesday. 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 business’s 50 day simple moving average is $5.66 and its 200-day simple moving average is $5.06. The stock has a market capitalization of $114.83 million, a price-to-earnings ratio of 136.28 and a beta of 0.77. Riverview Bancorp has a twelve month low of $3.30 and a twelve month high of $5.89.

Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, beating 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%. Equities research analysts forecast that Riverview Bancorp will post 0.2 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio is currently 200.05%.

Hedge Funds Weigh In On Riverview Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake 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 in the last quarter. Empowered Funds LLC boosted its stake in Riverview Bancorp by 5.3% during the 3rd 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 in the last quarter. Finally, Fourthstone LLC boosted its stake in shares of 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 worth $8,414,000 after acquiring an additional 60,195 shares in the last quarter. 69.60% of the stock is owned by institutional investors.

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.