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

StockNews.com initiated coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a report released on Monday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Stock Performance

Shares of RVSB stock opened at $4.68 on Monday. The stock has a market capitalization of $98.80 million, a PE ratio of 26.00 and a beta of 0.77. The business’s 50 day simple moving average is $4.46 and its 200 day simple moving average is $4.31. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.86 and a quick ratio of 0.86. Riverview Bancorp has a one year low of $3.30 and a one year high of $6.57.

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

Hedge Funds Weigh In On Riverview Bancorp

A hedge fund recently raised its stake in Riverview Bancorp stock. Empowered Funds LLC lifted its stake in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 0.38% of Riverview Bancorp worth $374,000 at the end of the most recent reporting period. 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.