Riverview Bancorp (NASDAQ:RVSB) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a report published on Monday. The brokerage issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Trading Down 0.6 %

Shares of NASDAQ RVSB opened at $4.65 on Monday. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $6.57. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.86 and a quick ratio of 0.86. The business’s 50 day moving average is $4.50 and its two-hundred day moving average is $4.32. The stock has a market capitalization of $98.17 million, a P/E ratio of 25.83 and a beta of 0.77.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $17.77 million for the quarter, compared to the consensus estimate of $12.20 million. Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. As a group, research analysts expect that Riverview Bancorp will post 0.16 EPS for the current year.

Riverview Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Wednesday, July 10th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $0.08 annualized dividend and a yield of 1.72%. Riverview Bancorp’s payout ratio is 44.44%.

Institutional Trading of Riverview Bancorp

An institutional investor recently raised its position in Riverview Bancorp stock. Empowered Funds LLC increased its holdings in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 79,206 shares of the savings and loans company’s stock after acquiring an additional 5,950 shares during the period. Empowered Funds LLC owned about 0.38% of Riverview Bancorp worth $374,000 at the end of the most recent quarter. Institutional investors own 69.60% of the company’s stock.

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.