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

Analysts at StockNews.com initiated coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a note issued to investors on Tuesday. The firm set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Stock Down 1.8 %

NASDAQ:RVSB opened at $5.35 on Tuesday. The firm has a market capitalization of $112.72 million, a PE ratio of 133.78 and a beta of 0.77. The stock has a 50 day moving average of $5.65 and a 200-day moving average of $5.06. Riverview Bancorp has a 52 week low of $3.30 and a 52 week high of $5.89. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82.

Riverview Bancorp (NASDAQ:RVSB) last posted its 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 2.93% and a net margin of 1.13%. Analysts predict that Riverview Bancorp will post 0.2 EPS for the current year.

Hedge Funds Weigh In On Riverview Bancorp

Institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership bought a new position in Riverview Bancorp in the 4th quarter worth approximately $224,000. Empowered Funds LLC grew its holdings 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 worth $423,000 after buying an additional 4,556 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 in the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in 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 worth $3,739,000 after buying an additional 15,395 shares in the last quarter. Finally, Fourthstone LLC grew its holdings 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 in the last quarter. 69.60% of the stock is owned by institutional investors.

Riverview Bancorp Company Profile

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.