StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB - Free Report) 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 Price Performance
NASDAQ:RVSB remained flat at $4.74 on Friday. 14,201 shares of the company's stock were exchanged, compared to its average volume of 19,248. Riverview Bancorp has a 12-month low of $3.30 and a 12-month high of $6.57. The firm has a market capitalization of $100.01 million, a price-to-earnings ratio of 94.80 and a beta of 0.76. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50 day moving average of $4.63 and a two-hundred day moving average of $4.32.
Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last announced its quarterly 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 net margin of 1.47% and a return on equity of 3.08%. The firm had revenue of $18.78 million for the quarter, compared to the consensus estimate of $12.20 million. As a group, sell-side analysts predict that Riverview Bancorp will post 0.18 EPS for the current year.
Riverview Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, October 7th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Monday, October 7th. Riverview Bancorp's dividend payout ratio is currently 160.00%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Riverview Bancorp stock. Empowered Funds LLC grew its holdings in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB - Free Report) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,206 shares of the savings and loans company's stock after acquiring an additional 5,950 shares during the quarter. Empowered Funds LLC owned 0.38% of Riverview Bancorp worth $374,000 at the end of the most recent quarter. Institutional investors own 69.60% of the company's stock.
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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