StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB - Free Report) in a research note published on Friday. The brokerage issued a hold rating on the savings and loans company's stock.
Riverview Bancorp Stock Down 2.8 %
Shares of RVSB traded down $0.16 during mid-day trading on Friday, hitting $5.48. 37,648 shares of the company traded hands, compared to its average volume of 29,125. The business has a 50 day moving average of $5.45 and a 200 day moving average of $4.81. The company has a market capitalization of $115.46 million, a PE ratio of 109.60 and a beta of 0.78. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $6.16. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82.
Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. The business had revenue of $18.78 million for the quarter, compared to the consensus estimate of $12.20 million. Equities research analysts anticipate that Riverview Bancorp will post 0.18 EPS for the current year.
Riverview Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, January 2nd. Riverview Bancorp's dividend payout ratio (DPR) is presently 160.00%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in RVSB. Empowered Funds LLC raised its stake in Riverview Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company's stock valued at $423,000 after purchasing an additional 4,556 shares during the last quarter. Geode Capital Management LLC lifted its position 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 last quarter. Finally, Fourthstone LLC boosted its position in shares of Riverview Bancorp by 3.5% during 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 during the period. 69.60% of the stock is owned by institutional investors and hedge funds.
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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