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

by · The Cerbat Gem

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

Riverview Bancorp Price Performance

Shares of RVSB opened at $4.03 on Friday. The stock has a market capitalization of $85.07 million, a P/E ratio of 22.39 and a beta of 0.80. Riverview Bancorp has a twelve month low of $3.37 and a twelve month high of $6.57. The company has a 50 day moving average of $3.98 and a 200-day moving average of $4.78. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.76.

Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The savings and loans company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The company 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 research analysts forecast that Riverview Bancorp will post 0.25 EPS for the current fiscal year.

Riverview Bancorp Cuts Dividend

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

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mendon Capital Advisors Corp bought a new position in shares of Riverview Bancorp in the fourth quarter valued at $216,000. Empowered Funds LLC lifted its holdings in Riverview Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock valued at $374,000 after purchasing an additional 5,950 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Riverview Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 902,739 shares of the savings and loans company’s stock valued at $4,261,000 after purchasing an additional 6,615 shares during the last quarter. 69.60% of the stock is owned by institutional investors.

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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