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

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

Riverview Bancorp Stock Up 0.9 %

Shares of Riverview Bancorp stock opened at $4.69 on Tuesday. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $6.57. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.92. The stock has a market cap of $99.01 million, a PE ratio of 26.06 and a beta of 0.77. The business has a fifty day simple moving average of $4.55 and a 200 day simple moving average of $4.32.

Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. The business had revenue of $17.77 million during the quarter, compared to analyst estimates of $12.20 million. Research analysts predict that Riverview Bancorp will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Riverview Bancorp stock. Empowered Funds LLC raised its holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,206 shares of the savings and loans company’s stock after acquiring an additional 5,950 shares during the period. Empowered Funds LLC owned about 0.38% of Riverview Bancorp worth $374,000 as of its most recent filing with the Securities and Exchange Commission. 69.60% of the stock is owned by institutional investors.

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.