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

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

Separately, TheStreet lowered Riverview Bancorp from a “b-” rating to a “c+” rating in a research report on Friday, February 23rd.

Riverview Bancorp Trading Down 1.0 %

Shares of RVSB opened at $3.86 on Monday. The stock has a market capitalization of $81.48 million, a P/E ratio of 21.45 and a beta of 0.75. Riverview Bancorp has a twelve month low of $3.37 and a twelve month high of $6.57. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.18. The firm has a fifty day simple moving average of $4.33 and a two-hundred day simple moving average of $5.18.

Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Thursday, April 25th. The savings and loans company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Riverview Bancorp had a net margin of 5.69% and a return on equity of 4.92%. The company had revenue of $9.05 million during the quarter, compared to analyst estimates of $11.90 million. On average, research analysts anticipate that Riverview Bancorp will post 0.25 EPS for the current year.

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mendon Capital Advisors Corp bought a new stake in Riverview Bancorp during the 4th quarter valued at approximately $216,000. Vanguard Group Inc. boosted its position in shares of Riverview Bancorp by 0.7% during the first 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 in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Riverview Bancorp by 8.1% during the first 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 in the last quarter. 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.