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

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

Riverview Bancorp Stock Performance

RVSB stock opened at $5.48 on Friday. Riverview Bancorp has a 1 year low of $3.30 and a 1 year high of $6.16. The stock has a market capitalization of $115.46 million, a price-to-earnings ratio of 109.60 and a beta of 0.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 0.86. The stock’s fifty day moving average is $5.46 and its two-hundred day moving average is $4.83.

Riverview Bancorp (NASDAQ:RVSB) last posted its 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 firm had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $12.20 million. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. On average, research analysts predict that Riverview Bancorp will post 0.18 EPS for the current year.

Riverview Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio is currently 160.00%.

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds have recently modified their holdings of the company. Fourthstone LLC boosted its position in shares of 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 during the period. Geode Capital Management LLC lifted its position 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 worth $988,000 after purchasing an additional 5,551 shares in the last quarter. Finally, Empowered Funds LLC lifted 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 buying an additional 4,556 shares in the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

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.