StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB – Free Report) in a report published on Friday morning. The brokerage issued a hold rating on the savings and loans company’s stock.
Riverview Bancorp Price Performance
Shares of RVSB opened at $4.03 on Friday. The stock has a market capitalization of $85.07 million, a P/E ratio of 22.39 and a beta of 0.80. Riverview Bancorp has a twelve month low of $3.37 and a twelve month high of $6.57. The company has a 50 day moving average of $3.98 and a 200-day moving average of $4.78. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.76.
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The savings and loans company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $9.05 million during the quarter, compared to analysts’ expectations of $11.90 million. Riverview Bancorp had a net margin of 5.69% and a return on equity of 4.92%. As a group, equities research analysts forecast that Riverview Bancorp will post 0.25 EPS for the current fiscal year.
Riverview Bancorp Cuts Dividend
Hedge Funds Weigh In On Riverview Bancorp
Hedge funds and other institutional investors have recently made changes to their positions in the company. Mendon Capital Advisors Corp bought a new position in shares of Riverview Bancorp in the fourth quarter valued at $216,000. Empowered Funds LLC lifted its holdings in Riverview Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock valued at $374,000 after purchasing an additional 5,950 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Riverview Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock valued at $4,261,000 after purchasing an additional 6,615 shares during the last quarter. 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.
Further Reading
- Five stocks we like better than Riverview Bancorp
- Trading Halts Explained
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- There Are Different Types of Stock To Invest In
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- How to Buy Cheap Stocks Step by Step
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for Riverview Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.