Riverview Bancorp (NASDAQ:RVSB) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB) 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) 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

The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Wednesday, July 10th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, July 10th. Riverview Bancorp’s dividend payout ratio (DPR) is presently 44.45%.

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.