Riverview Bancorp (NASDAQ:RVSB) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSB) in a research note published on Friday. The brokerage issued a hold rating on the savings and loans company’s stock.

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

Riverview Bancorp Stock Performance

RVSB traded up $0.27 on Friday, reaching $4.20. The stock had a trading volume of 49,036 shares, compared to its average volume of 29,117. Riverview Bancorp has a 12-month low of $3.37 and a 12-month high of $6.57. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.18. The business’s 50-day moving average price is $4.54 and its two-hundred day moving average price is $5.33. The company has a market cap of $88.66 million, a P/E ratio of 23.33 and a beta of 0.75.

Riverview Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Thursday, April 11th were given a $0.06 dividend. The ex-dividend date was Wednesday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 5.71%. Riverview Bancorp’s dividend payout ratio (DPR) is 133.34%.

Hedge Funds Weigh In On Riverview Bancorp

An institutional investor recently bought a new position in Riverview Bancorp stock. Mendon Capital Advisors Corp purchased a new position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 33,743 shares of the savings and loans company’s stock, valued at approximately $216,000. Mendon Capital Advisors Corp owned about 0.16% of Riverview Bancorp at the end of the most recent quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.

Riverview Bancorp Company Profile

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.