StockNews.com Initiates Coverage on Riverview Bancorp (NASDAQ:RVSB)

StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research report released on Sunday morning. The brokerage issued a hold rating on the savings and loans company’s stock.

Separately, TheStreet downgraded Riverview Bancorp from a b- rating to a c+ rating in a research note on Friday, February 23rd.

Riverview Bancorp Stock Down 1.3 %

RVSB opened at $3.91 on Friday. Riverview Bancorp has a fifty-two week low of $3.37 and a fifty-two week high of $6.57. The business has a 50-day moving average of $4.37 and a 200-day moving average of $5.20. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $82.54 million, a PE ratio of 21.72 and a beta of 0.75.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Thursday, April 25th. The savings and loans company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Riverview Bancorp had a return on equity of 4.92% and a net margin of 5.69%. The business had revenue of $9.05 million for the quarter, compared to the consensus estimate of $11.90 million. Equities research analysts forecast that Riverview Bancorp will post 0.25 EPS for the current fiscal year.

Riverview Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Thursday, April 11th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date was Wednesday, April 10th. Riverview Bancorp’s dividend payout ratio (DPR) is currently 133.34%.

Institutional Trading of Riverview Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Riverview Bancorp by 0.7% in 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 buying an additional 6,615 shares during the last quarter. Empowered Funds LLC grew its holdings in Riverview Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 79,206 shares of the savings and loans company’s stock valued at $374,000 after buying an additional 5,950 shares during the last quarter. Finally, Mendon Capital Advisors Corp acquired a new stake in Riverview Bancorp in the 4th quarter valued at approximately $216,000. 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.