StockNews.com Begins Coverage on Riverview Bancorp (NASDAQ:RVSB)

Stock 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 Sunday. The firm set a "hold" rating on the savings and loans company's stock.

Riverview Bancorp Stock Performance

NASDAQ:RVSB traded up $0.02 during midday trading on Friday, reaching $5.67. 13,867 shares of the company traded hands, compared to its average volume of 23,319. Riverview Bancorp has a twelve month low of $3.30 and a twelve month high of $5.89. 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 fifty day moving average price of $5.62 and a 200 day moving average price of $4.95. The firm has a market capitalization of $119.47 million, a price-to-earnings ratio of 113.40 and a beta of 0.78.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $18.78 million during the quarter, compared to analyst estimates of $12.20 million. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. On average, analysts expect that Riverview Bancorp will post 0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Riverview Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of RVSB. Geode Capital Management LLC grew its holdings in 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 worth $988,000 after acquiring an additional 5,551 shares during the period. Empowered Funds LLC raised its stake in 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 valued at $423,000 after purchasing an additional 4,556 shares during the period. Finally, Fourthstone LLC lifted its holdings in shares of Riverview Bancorp by 3.5% in the third 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. Institutional investors own 69.60% of the company's stock.

About Riverview Bancorp

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.