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

Equities research analysts at StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB - Get Free Report) in a report issued on Saturday. The firm set a "hold" rating on the savings and loans company's stock.

Riverview Bancorp Trading Up 0.2 %

Shares of NASDAQ RVSB traded up $0.01 during mid-day trading on Friday, hitting $5.64. 7,556 shares of the company traded hands, compared to its average volume of 29,471. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $5.98. The stock has a market capitalization of $118.83 million, a price-to-earnings ratio of 112.80 and a beta of 0.78. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average of $5.54 and a two-hundred day moving average of $4.88.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, topping 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, sell-side analysts anticipate that Riverview Bancorp will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC increased its position 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 worth $423,000 after purchasing an additional 4,556 shares during the last quarter. Geode Capital Management LLC increased 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 worth $988,000 after purchasing an additional 5,551 shares during the last quarter. Finally, Fourthstone LLC increased its position 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 purchasing an additional 60,195 shares during the last quarter. 69.60% of the stock is owned by institutional investors and hedge funds.

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.