Riverview Bancorp (NASDAQ:RVSB) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSBFree Report) in a research report report published on Thursday morning. The firm issued a hold rating on the savings and loans company’s stock.

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

Read Our Latest Stock Analysis on Riverview Bancorp

Riverview Bancorp Price Performance

Riverview Bancorp stock opened at $3.85 on Thursday. The stock has a market cap of $81.27 million, a price-to-earnings ratio of 21.39 and a beta of 0.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.83 and a quick ratio of 0.84. Riverview Bancorp has a 1 year low of $3.37 and a 1 year high of $6.57. The firm has a 50-day moving average of $4.02 and a two-hundred day moving average of $4.90.

Riverview Bancorp (NASDAQ:RVSBGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The savings and loans company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $9.05 million during the quarter, compared to analyst estimates of $11.90 million. Riverview Bancorp had a net margin of 5.69% and a return on equity of 4.92%. On average, research analysts forecast that Riverview Bancorp will post 0.25 earnings per share for the current year.

Riverview Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Thursday, April 11th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend was Wednesday, April 10th. Riverview Bancorp’s payout ratio is 133.34%.

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC boosted its stake in shares of Riverview Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock valued at $374,000 after purchasing an additional 5,950 shares during the period. Vanguard Group Inc. lifted its stake in Riverview Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock worth $4,261,000 after acquiring an additional 6,615 shares during the last quarter. Finally, Mendon Capital Advisors Corp purchased a new position in Riverview Bancorp in the fourth quarter worth approximately $216,000. 69.60% of the stock is owned by hedge funds and other institutional investors.

Riverview Bancorp Company Profile

(Get Free Report)

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.

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