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

Analysts at StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Stock Performance

Riverview Bancorp stock opened at $5.19 on Wednesday. Riverview Bancorp has a twelve month low of $3.30 and a twelve month high of $5.89. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $108.89 million, a P/E ratio of 129.78 and a beta of 0.77. The stock’s 50 day moving average is $5.60 and its 200 day moving average is $5.09.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.92% and a net margin of 1.13%. On average, equities research analysts predict that Riverview Bancorp will post 0.2 earnings per share for the current fiscal year.

Insider Transactions at Riverview Bancorp

In other news, major shareholder Martin S. Friedman sold 50,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total transaction of $277,245.00. Following the transaction, the insider now directly owns 186,348 shares of the company’s stock, valued at $1,023,050.52. This represents a 21.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Riverview Bancorp

Institutional investors have recently modified their holdings of the business. Bridgeway Capital Management LLC boosted its holdings in shares of Riverview Bancorp by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 254,312 shares of the savings and loans company’s stock valued at $1,460,000 after acquiring an additional 2,924 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Riverview Bancorp by 17.6% during the fourth quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company’s stock valued at $5,415,000 after purchasing an additional 141,400 shares during the period. Jane Street Group LLC bought a new position in Riverview Bancorp during the fourth quarter valued at approximately $87,000. The Manufacturers Life Insurance Company grew its position in Riverview Bancorp by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 948,801 shares of the savings and loans company’s stock worth $5,446,000 after purchasing an additional 2,496 shares during the period. Finally, Nierenberg Investment Management Company Inc. raised its stake in Riverview Bancorp by 21.3% during the 4th quarter. Nierenberg Investment Management Company Inc. now owns 1,286,422 shares of the savings and loans company’s stock valued at $7,384,000 after buying an additional 225,822 shares during the last quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.

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.