StockNews.com Initiates Coverage on Riverview Bancorp (NASDAQ:RVSB)

StockNews.com began coverage on shares of Riverview Bancorp (NASDAQ:RVSBGet Free Report) in a research report issued on Monday. The firm set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Stock Performance

NASDAQ:RVSB opened at $5.62 on Monday. The stock has a market cap of $118.41 million, a P/E ratio of 140.54 and a beta of 0.77. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average price is $5.67 and its two-hundred day moving average price is $5.02. Riverview Bancorp has a twelve month low of $3.30 and a twelve month high of $5.89.

Riverview Bancorp (NASDAQ:RVSBGet Free Report) last posted its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Riverview Bancorp had a net margin of 1.13% and a return on equity of 2.93%. As a group, equities analysts predict that Riverview Bancorp will post 0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of 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 worth $423,000 after purchasing an additional 4,556 shares in the last quarter. Geode Capital Management LLC lifted its position in Riverview Bancorp by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock worth $988,000 after buying an additional 5,551 shares during the last quarter. Finally, Fourthstone LLC lifted its position in Riverview Bancorp by 3.5% in the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after buying an additional 60,195 shares during the last quarter. Institutional investors own 69.60% of the company’s stock.

About Riverview Bancorp

(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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