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

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

Separately, TheStreet cut Riverview Bancorp from a b- rating to a c+ rating in a research note on Friday, February 23rd.

Riverview Bancorp Stock Performance

RVSB stock traded up $0.27 during mid-day trading on Friday, reaching $4.20. The company had a trading volume of 49,036 shares, compared to its average volume of 29,117. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $88.66 million, a P/E ratio of 23.33 and a beta of 0.75. Riverview Bancorp has a one year low of $3.37 and a one year high of $6.57. The stock’s 50-day simple moving average is $4.54 and its two-hundred day simple moving average is $5.33.

Riverview Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Thursday, April 11th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend was Wednesday, April 10th. Riverview Bancorp’s dividend payout ratio (DPR) is 133.34%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Riverview Bancorp stock. Mendon Capital Advisors Corp purchased a new stake in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,743 shares of the savings and loans company’s stock, valued at approximately $216,000. Mendon Capital Advisors Corp owned 0.16% of Riverview Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC). 69.60% of the stock is currently owned by institutional investors and hedge funds.

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.