Riverview Bancorp (NASDAQ:RVSB) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a report issued on Tuesday. The firm set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Stock Performance

Shares of NASDAQ RVSB opened at $5.35 on Tuesday. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $5.89. The stock has a fifty day moving average price of $5.65 and a two-hundred day moving average price of $5.06. The firm has a market cap of $112.72 million, a P/E ratio of 133.78 and a beta of 0.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.93% and a net margin of 1.13%. Research analysts forecast that Riverview Bancorp will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Riverview Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC lifted its position in shares of Riverview Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 94,406 shares of the savings and loans company’s stock valued at $540,000 after acquiring an additional 4,524 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 5,551 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Riverview Bancorp by 2.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company’s stock valued at $3,739,000 after purchasing an additional 15,395 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Riverview Bancorp in the fourth quarter valued at $224,000. 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 and hedge funds 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.