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

StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research report sent to investors on Monday morning. The firm issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Stock Performance

NASDAQ RVSB opened at $4.40 on Monday. The firm has a market cap of $92.88 million, a price-to-earnings ratio of 24.45 and a beta of 0.80. The company has a fifty day moving average price of $3.97 and a 200-day moving average price of $4.53. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.83 and a quick ratio of 0.83. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, April 25th. The savings and loans company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $9.05 million during the quarter, compared to analyst estimates 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 predict that Riverview Bancorp will post 0.25 EPS for the current fiscal year.

Riverview Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Wednesday, July 10th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $0.08 annualized dividend and a yield of 1.82%. Riverview Bancorp’s payout ratio is currently 44.45%.

Hedge Funds Weigh In On Riverview Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its position in Riverview Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock valued at $374,000 after buying an additional 5,950 shares during the period. Vanguard Group Inc. lifted its holdings in Riverview Bancorp by 0.7% during the first 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. Finally, Mendon Capital Advisors Corp purchased a new stake in Riverview Bancorp during the fourth quarter valued at about $216,000. Institutional investors own 69.60% of the company’s stock.

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.