Investment analysts at StockNews.com initiated coverage on shares of Riverview Bancorp (NASDAQ:RVSB - Get Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a "hold" rating on the savings and loans company's stock.
Riverview Bancorp Price Performance
Riverview Bancorp stock traded up $0.01 during mid-day trading on Thursday, reaching $5.75. The company had a trading volume of 19,614 shares, compared to its average volume of 29,150. The stock's 50-day simple moving average is $5.35 and its 200-day simple moving average is $4.75. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.44. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $121.15 million, a P/E ratio of 115.00 and a beta of 0.81.
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 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 3.06% and a net margin of 1.47%. On average, equities analysts predict that Riverview Bancorp will post 0.18 EPS for the current year.
Hedge Funds Weigh In On Riverview Bancorp
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its stake in shares of Riverview Bancorp by 5.3% during the 3rd 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 valued at $8,414,000 after purchasing an additional 60,195 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Riverview Bancorp by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company's stock worth $988,000 after purchasing an additional 5,551 shares during the last quarter. Institutional investors and hedge funds 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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