Riverview Bancorp (NASDAQ:RVSB) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Riverview Bancorp (NASDAQ:RVSBGet Free Report) in a research report issued on Thursday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Riverview Bancorp Trading Up 0.7 %

Shares of RVSB stock opened at $4.62 on Thursday. The company has a 50-day moving average of $4.59 and a two-hundred day moving average of $4.31. The firm has a market cap of $97.48 million, a PE ratio of 46.20 and a beta of 0.77. Riverview Bancorp has a 1-year low of $3.30 and a 1-year high of $6.57. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.86 and a quick ratio of 0.86.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Riverview Bancorp stock. Vanguard Group Inc. increased its stake in Riverview Bancorp, Inc. (NASDAQ:RVSBFree Report) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 902,739 shares of the savings and loans company’s stock after purchasing an additional 6,615 shares during the quarter. Vanguard Group Inc. owned approximately 4.28% of Riverview Bancorp worth $4,261,000 as of its most recent filing with the Securities and Exchange Commission. 69.60% of the stock is currently 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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