Riverview Bancorp (NASDAQ:RVSB) Raised to Hold at Wall Street Zen

Riverview Bancorp (NASDAQ:RVSB) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Riverview Bancorp in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Riverview Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Riverview Bancorp Price Performance

Shares of RVSB opened at $5.05 on Friday. Riverview Bancorp has a 52-week low of $4.45 and a 52-week high of $6.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.89 and a current ratio of 0.89. The business’s 50 day moving average price is $5.07 and its two-hundred day moving average price is $5.48. The firm has a market cap of $105.79 million, a PE ratio of 21.04 and a beta of 0.61.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Tuesday, July 29th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Riverview Bancorp had a return on equity of 3.22% and a net margin of 6.95%.The firm had revenue of $13.27 million for the quarter, compared to analyst estimates of $13.30 million. On average, equities analysts anticipate that Riverview Bancorp will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Columbia River Financial Group LLC bought a new position in Riverview Bancorp in the 1st quarter worth about $31,000. Raymond James Financial Inc. purchased a new stake in shares of Riverview Bancorp in the 2nd quarter valued at about $34,000. JPMorgan Chase & Co. purchased a new stake in shares of Riverview Bancorp in the 2nd quarter valued at about $53,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Riverview Bancorp in the 2nd quarter valued at about $61,000. Finally, Invesco Ltd. purchased a new stake in shares of Riverview Bancorp in the 2nd quarter valued at about $79,000. Institutional investors own 69.60% of the company’s stock.

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.