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

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

Riverview Bancorp Stock Down 1.0 %

RVSB stock opened at $5.19 on Wednesday. The company’s 50 day moving average is $5.60 and its 200 day moving average is $5.09. The stock has a market cap of $108.89 million, a price-to-earnings ratio of 129.78 and a beta of 0.77. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.72. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $5.89.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.92%. Sell-side analysts predict that Riverview Bancorp will post 0.2 EPS for the current fiscal year.

Insider Transactions at Riverview Bancorp

In other news, major shareholder Martin S. Friedman sold 50,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $5.49, for a total value of $277,245.00. Following the completion of the sale, the insider now directly owns 186,348 shares in the company, valued at approximately $1,023,050.52. The trade was a 21.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Riverview Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in Riverview Bancorp during the fourth quarter valued at about $87,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Riverview Bancorp in the 4th quarter valued at about $224,000. Empowered Funds LLC boosted its holdings in Riverview Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after acquiring an additional 4,556 shares during the period. Geode Capital Management LLC grew its position in Riverview Bancorp by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock worth $988,000 after acquiring an additional 5,551 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in Riverview Bancorp by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company’s stock worth $1,460,000 after purchasing an additional 2,924 shares during the period. Institutional investors 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.