Riverview Bancorp (NASDAQ:RVSB) Earns Hold Rating from Analysts at StockNews.com

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

Riverview Bancorp Stock Up 0.6 %

Riverview Bancorp stock opened at $4.68 on Wednesday. Riverview Bancorp has a fifty-two week low of $3.30 and a fifty-two week high of $6.57. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a 50 day moving average price of $4.58 and a 200 day moving average price of $4.31. The company has a market capitalization of $98.80 million, a PE ratio of 26.00 and a beta of 0.77.

Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Thursday, July 25th. The savings and loans company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Riverview Bancorp had a net margin of 2.86% and a return on equity of 3.69%. The company had revenue of $17.77 million during the quarter, compared to analyst estimates of $12.20 million. Research analysts expect that Riverview Bancorp will post 0.16 earnings per share for the current year.

Riverview Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Monday, October 7th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a $0.08 annualized dividend and a yield of 1.71%. Riverview Bancorp’s dividend payout ratio (DPR) is presently 44.44%.

Hedge Funds Weigh In On Riverview Bancorp

A hedge fund recently raised its stake in Riverview Bancorp stock. Empowered Funds LLC raised its holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB) by 8.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,206 shares of the savings and loans company’s stock after buying an additional 5,950 shares during the period. Empowered Funds LLC owned approximately 0.38% of Riverview Bancorp worth $374,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.