Riverview Bancorp (NASDAQ:RVSB) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research note released on Sunday. The brokerage issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Trading Down 0.2 %

Shares of RVSB stock opened at $4.41 on Friday. The stock has a market cap of $93.05 million, a price-to-earnings ratio of 24.50 and a beta of 0.77. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.92. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $6.57. The firm’s 50 day moving average price is $4.41 and its two-hundred day moving average price is $4.32.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $17.77 million for the quarter, compared to analysts’ expectations of $12.20 million. Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. On average, analysts anticipate that Riverview Bancorp will post 0.16 EPS for the current year.

Riverview Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Wednesday, July 10th were paid a dividend of $0.02 per share. The ex-dividend date was Wednesday, July 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.81%. Riverview Bancorp’s dividend payout ratio is currently 44.45%.

Institutional Trading of Riverview Bancorp

A hedge fund recently raised its stake in Riverview Bancorp stock. Empowered Funds LLC grew its position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,206 shares of the savings and loans company’s stock after purchasing an additional 5,950 shares during the period. Empowered Funds LLC owned approximately 0.38% of Riverview Bancorp worth $374,000 as of its most recent SEC filing. 69.60% of the stock is currently owned by institutional investors.

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.