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

StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research note issued to investors on Friday morning. The firm issued a hold rating on the savings and loans company’s stock.

Riverview Bancorp Price Performance

NASDAQ RVSB opened at $4.03 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $85.07 million, a PE ratio of 22.39 and a beta of 0.80. The company has a 50 day moving average price of $3.98 and a two-hundred day moving average price of $4.78. Riverview Bancorp has a 12-month low of $3.37 and a 12-month high of $6.57.

Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Thursday, April 25th. The savings and loans company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $9.05 million during the quarter, compared to analysts’ expectations of $11.90 million. Riverview Bancorp had a net margin of 5.69% and a return on equity of 4.92%. As a group, equities analysts predict that Riverview Bancorp will post 0.25 earnings per share for the current fiscal year.

Riverview Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Wednesday, July 10th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Wednesday, July 10th. Riverview Bancorp’s payout ratio is 133.34%.

Institutional Trading of Riverview Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of RVSB. Mendon Capital Advisors Corp acquired a new stake in shares of Riverview Bancorp in the fourth quarter worth $216,000. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 6,615 shares during the last quarter. Finally, Empowered Funds LLC lifted 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 worth $374,000 after buying an additional 5,950 shares during the last quarter. 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.