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

Equities researchers at StockNews.com initiated coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research note issued on Thursday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Stock Performance

Shares of NASDAQ RVSB opened at $5.14 on Thursday. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $5.89. The company has a 50-day moving average of $5.55 and a two-hundred day moving average of $5.11. The company has a market cap of $107.82 million, a PE ratio of 128.53 and a beta of 0.77. 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 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 2.92%. As a group, equities analysts expect that Riverview Bancorp will post 0.2 earnings per share for the current fiscal year.

Insider Activity at Riverview Bancorp

In other Riverview Bancorp news, major shareholder Martin S. Friedman sold 50,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $5.49, for a total value of $277,245.00. Following the transaction, the insider now directly owns 186,348 shares of the company’s stock, valued at approximately $1,023,050.52. This trade represents a 21.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Fourthstone LLC grew its stake in shares of Riverview Bancorp by 3.5% during the third quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock worth $8,414,000 after purchasing an additional 60,195 shares during the period. Nierenberg Investment Management Company Inc. boosted its holdings in Riverview Bancorp by 21.3% during the fourth quarter. Nierenberg Investment Management Company Inc. now owns 1,286,422 shares of the savings and loans company’s stock worth $7,384,000 after buying an additional 225,822 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Riverview Bancorp by 0.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 948,801 shares of the savings and loans company’s stock worth $5,446,000 after buying an additional 2,496 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Riverview Bancorp by 17.6% in the 4th quarter. Ameriprise Financial Inc. now owns 943,332 shares of the savings and loans company’s stock valued at $5,415,000 after acquiring an additional 141,400 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of Riverview Bancorp by 2.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 651,442 shares of the savings and loans company’s stock valued at $3,739,000 after acquiring an additional 15,395 shares during the period. 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.