Riverview Bancorp (NASDAQ:RVSB) Now Covered by StockNews.com

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

Riverview Bancorp Stock Up 2.1 %

RVSB stock opened at $4.79 on Friday. The stock has a market capitalization of $101.07 million, a P/E ratio of 95.80 and a beta of 0.76. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $4.64 and a 200-day moving average price of $4.33. Riverview Bancorp has a 12 month low of $3.30 and a 12 month high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a return on equity of 3.08% and a net margin of 1.47%. The business had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $12.20 million. As a group, equities research analysts anticipate that Riverview Bancorp will post 0.18 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, October 7th. Riverview Bancorp’s dividend payout ratio (DPR) is presently 160.00%.

Institutional Trading of Riverview Bancorp

An institutional investor recently raised its position in Riverview Bancorp stock. Empowered Funds LLC increased its position in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,882 shares of the savings and loans company’s stock after purchasing an additional 4,556 shares during the period. Empowered Funds LLC owned approximately 0.43% of Riverview Bancorp worth $423,000 at the end of the most recent quarter. Hedge funds and other 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.