Riverview Bancorp (NASDAQ:RVSB) Earns Hold Rating from Analysts at StockNews.com

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

Riverview Bancorp Stock Performance

Riverview Bancorp stock opened at $5.63 on Friday. The firm has a market capitalization of $118.62 million, a P/E ratio of 112.60 and a beta of 0.78. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average price of $5.65 and a 200 day moving average price of $4.98. Riverview Bancorp has a 52 week low of $3.30 and a 52 week high of $5.89.

Riverview Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.08 annualized dividend and a yield of 1.42%. Riverview Bancorp’s dividend payout ratio is presently 160.00%.

Institutional Investors Weigh In On Riverview Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in RVSB. Fourthstone LLC increased its stake in Riverview Bancorp by 3.5% during the third quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after acquiring an additional 60,195 shares during the last quarter. Geode Capital Management LLC increased its stake in Riverview Bancorp by 2.7% during the third 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, Empowered Funds LLC grew its stake in shares of Riverview Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after buying an additional 4,556 shares in the last quarter. 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.