Riverview Bancorp (NASDAQ:RVSB) Coverage Initiated at StockNews.com

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

Riverview Bancorp Stock Performance

Riverview Bancorp stock traded down $0.06 during midday trading on Tuesday, reaching $5.31. 29,273 shares of the stock traded hands, compared to its average volume of 33,082. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average price of $5.64 and a two-hundred day moving average price of $5.07. The firm has a market cap of $111.88 million, a price-to-earnings ratio of 132.78 and a beta of 0.77. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two 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 for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.93%. On average, equities research analysts forecast that Riverview Bancorp will post 0.2 earnings per share for the current year.

Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, January 2nd. Riverview Bancorp's dividend payout ratio is currently 200.00%.

Insider Transactions at Riverview Bancorp

In related news, major shareholder Martin S. Friedman sold 50,500 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $5.49, for a total value of $277,245.00. Following the sale, the insider now directly owns 186,348 shares in the company, valued at $1,023,050.52. The trade was a 21.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.90% of the company's stock.

Institutional Trading of Riverview Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fourthstone LLC raised its holdings in shares of 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 purchasing an additional 60,195 shares in the last quarter. Nierenberg Investment Management Company Inc. raised its holdings in shares of Riverview Bancorp by 21.3% in the 4th quarter. Nierenberg Investment Management Company Inc. now owns 1,286,422 shares of the savings and loans company's stock worth $7,384,000 after purchasing an additional 225,822 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Riverview Bancorp by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 948,801 shares of the savings and loans company's stock worth $5,446,000 after purchasing an additional 2,496 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of Riverview Bancorp by 2.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company's stock worth $3,739,000 after purchasing an additional 15,395 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Riverview Bancorp by 2.7% during 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 acquiring an additional 5,551 shares during the period. 69.60% of the stock is currently owned by institutional investors.

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.