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

StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSB - Free Report) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the savings and loans company's stock.

Riverview Bancorp Price Performance

Shares of RVSB stock traded down $0.05 during trading hours on Wednesday, hitting $5.14. 56,515 shares of the company's stock were exchanged, compared to its average volume of 33,237. The stock's 50-day moving average is $5.60 and its 200-day moving average is $5.09. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $107.84 million, a price-to-earnings ratio of 128.53 and a beta of 0.77. Riverview Bancorp has a 52 week low of $3.30 and a 52 week high of $5.89.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.92% and a net margin of 1.13%. As a group, research analysts forecast that Riverview Bancorp will post 0.2 EPS for the current year.

Riverview Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Thursday, January 2nd. Riverview Bancorp's dividend payout ratio (DPR) is presently 200.05%.

Insider Activity

In other Riverview Bancorp news, major shareholder Martin S. Friedman sold 50,500 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total value of $277,245.00. Following the transaction, the insider now owns 186,348 shares of the company's stock, valued at approximately $1,023,050.52. This represents a 21.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Riverview Bancorp

Several hedge funds have recently added to or reduced their stakes in RVSB. Jane Street Group LLC acquired a new position in Riverview Bancorp in the fourth quarter valued at about $87,000. Arrowstreet Capital Limited Partnership acquired a new position in Riverview Bancorp in the fourth quarter valued at about $224,000. Empowered Funds LLC lifted its stake in 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 during the period. Geode Capital Management LLC lifted its stake in Riverview Bancorp by 2.7% in the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company's stock valued at $988,000 after buying an additional 5,551 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in Riverview Bancorp by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company's stock valued at $1,460,000 after buying an additional 2,924 shares during the period. Institutional investors and hedge funds 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.