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

StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research note issued to investors on Thursday. The firm issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Stock Down 0.3 %

RVSB stock opened at $5.73 on Thursday. The company has a market capitalization of $120.73 million, a P/E ratio of 114.60 and a beta of 0.78. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $6.37. The firm’s fifty day simple moving average is $5.37 and its 200-day simple moving average is $4.77. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. Riverview Bancorp had a return on equity of 3.06% and a net margin of 1.47%. The company had revenue of $18.78 million for the quarter, compared to the consensus estimate of $12.20 million. As a group, equities research analysts forecast that Riverview Bancorp will post 0.18 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio is currently 160.00%.

Institutional Trading of Riverview Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in Riverview Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock worth $423,000 after purchasing an additional 4,556 shares during the period. Geode Capital Management LLC grew its stake in Riverview Bancorp by 2.7% in 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 acquiring an additional 5,551 shares during the period. Finally, Fourthstone LLC increased its holdings in Riverview Bancorp by 3.5% in 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. Institutional investors and hedge funds 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.