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

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

Riverview Bancorp Stock Up 2.7 %

RVSB opened at $4.53 on Friday. The company has a 50 day moving average of $4.41 and a 200 day moving average of $4.32. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $6.57. The company has a market cap of $95.58 million, a PE ratio of 25.17 and a beta of 0.77.

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

Riverview Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Wednesday, July 10th were paid a dividend of $0.02 per share. The ex-dividend date was Wednesday, July 10th. This represents a $0.08 annualized dividend and a yield of 1.77%. Riverview Bancorp’s dividend payout ratio is currently 44.45%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Riverview Bancorp stock. Empowered Funds LLC boosted its holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,206 shares of the savings and loans company’s stock after acquiring an additional 5,950 shares during the quarter. Empowered Funds LLC owned 0.38% of Riverview Bancorp worth $374,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.