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

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

Riverview Bancorp Trading Down 0.2 %

NASDAQ:RVSB opened at $5.63 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $5.65 and its two-hundred day moving average is $4.98. Riverview Bancorp has a 52 week low of $3.30 and a 52 week high of $5.89. The company has a market cap of $118.62 million, a PE ratio of 112.60 and a beta of 0.78.

Riverview Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 2nd. Riverview Bancorp’s payout ratio is currently 160.00%.

Institutional Trading of Riverview Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Fourthstone LLC increased its position in shares of Riverview Bancorp by 3.5% during the 3rd quarter. Fourthstone LLC now owns 1,786,451 shares of the savings and loans company’s stock valued at $8,414,000 after purchasing an additional 60,195 shares during the period. Geode Capital Management LLC increased its position in shares of Riverview Bancorp by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 209,781 shares of the savings and loans company’s stock valued at $988,000 after purchasing an additional 5,551 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Riverview Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after purchasing an additional 4,556 shares during the period. 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.