StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSB - Free Report) in a research report report published on Saturday morning. The firm issued a hold rating on the savings and loans company's stock.
Riverview Bancorp Price Performance
RVSB stock traded up $0.08 during midday trading on Friday, reaching $4.71. The company had a trading volume of 26,801 shares, compared to its average volume of 28,431. The firm has a 50-day moving average price of $4.62 and a 200-day moving average price of $4.30. The company has a market capitalization of $99.43 million, a P/E ratio of 26.17 and a beta of 0.77. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.57. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.86 and a quick ratio of 0.86.
Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. Riverview Bancorp had a return on equity of 3.69% and a net margin of 2.86%. The business had revenue of $18.78 million for the quarter, compared to the consensus estimate of $12.20 million. On average, research analysts anticipate that Riverview Bancorp will post 0.16 earnings per share for the current fiscal year.
Riverview Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, October 7th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Monday, October 7th. Riverview Bancorp's payout ratio is presently 44.44%.
Institutional Investors Weigh In On Riverview Bancorp
A hedge fund recently raised its stake in Riverview Bancorp stock. Empowered Funds LLC boosted its position in Riverview Bancorp, Inc. (NASDAQ:RVSB - Free Report) by 8.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,206 shares of the savings and loans company's stock after acquiring an additional 5,950 shares during the period. Empowered Funds LLC owned 0.38% of Riverview Bancorp worth $374,000 at the end of the most recent reporting period. 69.60% of the stock is currently owned by institutional investors.
About Riverview Bancorp
(
Get Free Report)
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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