StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB – Free Report) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the savings and loans company’s stock.
Riverview Bancorp Price Performance
Shares of Riverview Bancorp stock opened at $4.50 on Thursday. The stock has a market cap of $94.95 million, a price-to-earnings ratio of 25.00 and a beta of 0.80. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.83 and a current ratio of 0.86. The stock has a 50 day moving average price of $4.17 and a 200-day moving average price of $4.37. Riverview Bancorp has a one year low of $3.30 and a one year high of $6.57.
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share (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 analysts’ expectations of $12.20 million. Equities analysts expect that Riverview Bancorp will post 0.16 EPS for the current year.
Riverview Bancorp Cuts Dividend
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Empowered Funds LLC grew its stake 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 during the last quarter. Vanguard Group Inc. boosted its stake in shares of Riverview Bancorp by 0.7% in the first 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 during the last quarter. Finally, Mendon Capital Advisors Corp purchased a new stake in shares of Riverview Bancorp in the fourth quarter worth about $216,000. 69.60% of the stock is owned by institutional investors.
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.
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