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

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

Riverview Bancorp Stock Up 0.2 %

NASDAQ RVSB opened at $5.17 on Thursday. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $5.89. The company has a market capitalization of $108.45 million, a price-to-earnings ratio of 129.28 and a beta of 0.77. The stock’s 50 day moving average is $5.54 and its two-hundred day moving average is $5.12. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.72.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a return on equity of 2.92% and a net margin of 1.13%. Equities analysts forecast that Riverview Bancorp will post 0.2 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, January 2nd were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.55%. The ex-dividend date was Thursday, January 2nd. Riverview Bancorp’s dividend payout ratio is currently 200.00%.

Insider Buying and Selling at Riverview Bancorp

In related news, major shareholder Martin S. Friedman sold 50,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $5.49, for a total transaction of $277,245.00. Following the completion of the sale, the insider now directly owns 186,348 shares of the company’s stock, valued at $1,023,050.52. This trade represents a 21.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Riverview Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of Riverview Bancorp by 2.7% in the third quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock valued at $988,000 after buying an additional 5,551 shares in the last quarter. Empowered Funds LLC increased its position in Riverview Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after acquiring an additional 4,556 shares in the last quarter. Fourthstone LLC raised its stake in shares of Riverview Bancorp by 3.5% in the third quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after acquiring an additional 60,195 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Riverview Bancorp during the fourth quarter worth approximately $87,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Riverview Bancorp by 17.6% during the fourth quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company’s stock valued at $5,415,000 after purchasing an additional 141,400 shares during the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

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.