Analysts at StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSB - Get Free Report) in a research note issued on Wednesday. The brokerage set a "hold" rating on the savings and loans company's stock.
Riverview Bancorp Trading Up 0.5 %
Riverview Bancorp stock traded up $0.03 during midday trading on Wednesday, reaching $5.79. The stock had a trading volume of 33,390 shares, compared to its average volume of 29,242. The stock has a market capitalization of $121.99 million, a PE ratio of 115.80 and a beta of 0.81. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. The stock's 50-day simple moving average is $5.20 and its 200 day simple moving average is $4.66. Riverview Bancorp has a twelve month low of $3.30 and a twelve month high of $6.51.
Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last posted 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. The firm had revenue of $18.78 million during the quarter, compared to the consensus estimate of $12.20 million. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. Analysts expect that Riverview Bancorp will post 0.18 EPS for the current year.
Institutional Investors Weigh In On Riverview Bancorp
Several institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC lifted its position in shares of Riverview Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company's stock worth $423,000 after purchasing an additional 4,556 shares in the last quarter. Fourthstone LLC lifted its holdings in Riverview Bancorp by 3.5% in the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company's stock worth $8,414,000 after buying an additional 60,195 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Riverview Bancorp by 2.7% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 69.60% of the company's stock.
Riverview Bancorp Company Profile
(
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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