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

StockNews.com initiated coverage on shares of Riverview Bancorp (NASDAQ:RVSB - Free Report) in a report released on Friday morning. The brokerage issued a hold rating on the savings and loans company's stock.

Riverview Bancorp Stock Performance

NASDAQ RVSB remained flat at $4.75 on Friday. The company's stock had a trading volume of 5,308 shares, compared to its average volume of 28,557. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.86 and a quick ratio of 0.86. The stock's 50 day simple moving average is $4.60 and its two-hundred day simple moving average is $4.31. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $6.57. The company has a market cap of $100.23 million, a price-to-earnings ratio of 47.50 and a beta of 0.77.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $17.77 million for the quarter, compared to the consensus estimate of $12.20 million. Riverview Bancorp had a return on equity of 3.69% and a net margin of 2.86%. Analysts expect that Riverview Bancorp will post 0.16 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Monday, October 7th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, October 7th. This represents a $0.08 dividend on an annualized basis and a yield of 1.68%. Riverview Bancorp's dividend payout ratio (DPR) is 80.01%.

Hedge Funds Weigh In On Riverview Bancorp

An institutional investor recently raised its position in Riverview Bancorp stock. Empowered Funds LLC increased its stake in Riverview Bancorp, Inc. (NASDAQ:RVSB - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,206 shares of the savings and loans company's stock after purchasing an additional 5,950 shares during the period. Empowered Funds LLC owned approximately 0.38% of Riverview Bancorp worth $374,000 as of its most recent SEC filing. Institutional investors own 69.60% of the company's stock.

About Riverview Bancorp

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.