Riverview Bancorp, Inc. (RVSB) Boosted by ValuEngine to Purchase

Riverview Bancorp, Inc. (RVSB) Boosted by ValuEngine to Purchase

ValuEngine upgraded shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) from a hold rating to a buy rating in a research note released on Friday morning.

Separately, Zacks Investment Research lowered shares of Riverview Bancorp from a hold rating to a sell rating in a research note on Wednesday, May 17th.

Shares of Riverview Bancorp (NASDAQ RVSB) traded down 0.29% during midday trading on Friday, hitting $6.78. The stock had a trading volume of 48,875 shares. The company has a market cap of $152.48 million, a P/E ratio of 20.61 and a beta of 0.67. The firm has a 50 day moving average of $7.02 and a 200-day moving average of $7.17. Riverview Bancorp has a one year low of $4.58 and a one year high of $8.16.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, April 27th. The savings and loans company reported $0.09 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.09. Riverview Bancorp had a net margin of 15.67% and a return on equity of 6.18%. The business had revenue of $11.93 million for the quarter, compared to analyst estimates of $11.90 million. On average, analysts forecast that Riverview Bancorp will post $0.50 earnings per share for the current fiscal year.

In related news, Director Ancora Advisors, Llc sold 900,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $6.50, for a total transaction of $5,850,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 9.94% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of RVSB. Dimensional Fund Advisors LP boosted its stake in shares of Riverview Bancorp by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,212,884 shares of the savings and loans company’s stock worth $8,672,000 after buying an additional 36,196 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of Riverview Bancorp by 13.2% in the first quarter. Deprince Race & Zollo Inc. now owns 1,082,621 shares of the savings and loans company’s stock worth $7,741,000 after buying an additional 125,869 shares during the last quarter. Thomson Horstmann & Bryant Inc. acquired a new stake in shares of Riverview Bancorp during the first quarter worth $1,864,000. Vanguard Group Inc. boosted its stake in shares of Riverview Bancorp by 5.8% in the first quarter. Vanguard Group Inc. now owns 251,290 shares of the savings and loans company’s stock worth $1,797,000 after buying an additional 13,684 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Riverview Bancorp by 163.4% in the first quarter. Stifel Financial Corp now owns 189,506 shares of the savings and loans company’s stock worth $1,357,000 after buying an additional 117,560 shares during the last quarter. Hedge funds and other institutional investors own 54.99% of the company’s stock.

About Riverview Bancorp

Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:RVSB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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