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

Investment analysts at StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research report issued to clients and 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 $4.41 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $93.10 million, a P/E ratio of 24.50 and a beta of 0.80. The company has a 50 day moving average price of $3.97 and a 200 day moving average price of $4.53. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, April 25th. The savings and loans company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm 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%. Equities research analysts forecast that Riverview Bancorp will post 0.25 EPS for the current year.

Institutional Investors Weigh In On Riverview Bancorp

Hedge funds have recently added to or reduced their stakes in the business. 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 worth $374,000 after buying an additional 5,950 shares in the last quarter. 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 worth $4,261,000 after buying an additional 6,615 shares in the last quarter. Finally, Mendon Capital Advisors Corp acquired a new stake in Riverview Bancorp during the 4th quarter worth approximately $216,000. 69.60% of the stock is currently 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.