StockNews.com Initiates Coverage on Riverview Bancorp (NASDAQ:RVSB)

Investment analysts at StockNews.com initiated coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research note issued to investors on Monday. The firm set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Stock Performance

NASDAQ RVSB opened at $4.68 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.92. Riverview Bancorp has a 52 week low of $3.30 and a 52 week high of $6.57. The business has a 50 day moving average price of $4.46 and a 200-day moving average price of $4.31. The company has a market cap of $98.80 million, a price-to-earnings ratio of 26.00 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 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 for the quarter, compared to the consensus estimate of $12.20 million. As a group, equities analysts expect that Riverview Bancorp will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of Riverview Bancorp

A hedge fund recently raised its stake in Riverview Bancorp stock. Empowered Funds LLC lifted its stake in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,206 shares of the savings and loans company’s stock after buying an additional 5,950 shares during the period. Empowered Funds LLC owned about 0.38% of Riverview Bancorp worth $374,000 at the end of the most recent quarter. 69.60% of the stock is owned by institutional investors and hedge funds.

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.