Riverview Bancorp (NASDAQ:RVSB) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Riverview Bancorp (NASDAQ:RVSB) from a hold rating to a sell rating in a research report released on Saturday morning.

Separately, Weiss Ratings raised shares of Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Riverview Bancorp Stock Up 0.2%

RVSB stock opened at $5.30 on Friday. The company’s 50 day moving average price is $5.50 and its 200 day moving average price is $5.41. The firm has a market capitalization of $106.85 million, a price-to-earnings ratio of -27.89 and a beta of 0.48. Riverview Bancorp has a fifty-two week low of $4.74 and a fifty-two week high of $6.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 0.94.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Tuesday, July 28th. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.06%. The company had revenue of $15.01 million during the quarter, compared to the consensus estimate of $14.80 million. On average, equities research analysts anticipate that Riverview Bancorp will post 0.28 EPS for the current fiscal year.

Riverview Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Thursday, July 9th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, July 9th. Riverview Bancorp’s dividend payout ratio (DPR) is -42.11%.

Insiders Place Their Bets

In related news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $5.25, for a total value of $26,250.00. Following the completion of the transaction, the insider directly owned 89,388 shares of the company’s stock, valued at $469,287. This represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders purchased a total of 4,896 shares of company stock worth $26,082 in the last three months. 3.90% of the stock is owned by insiders.

Institutional Trading of Riverview Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in shares of Riverview Bancorp by 11.0% during the 1st quarter. Bank of America Corp DE now owns 131,533 shares of the savings and loans company’s stock worth $723,000 after buying an additional 13,070 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Riverview Bancorp by 21.1% in the 1st quarter. Renaissance Technologies LLC now owns 319,207 shares of the savings and loans company’s stock valued at $1,756,000 after buying an additional 55,700 shares during the last quarter. Sei Investments Co. raised its stake in Riverview Bancorp by 109.0% during the 1st quarter. Sei Investments Co. now owns 127,602 shares of the savings and loans company’s stock worth $702,000 after acquiring an additional 66,552 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Riverview Bancorp by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock worth $7,349,000 after acquiring an additional 15,745 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Riverview Bancorp by 124.9% in the first quarter. Hsbc Holdings PLC now owns 36,101 shares of the savings and loans company’s stock valued at $201,000 after acquiring an additional 20,052 shares during the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

About Riverview Bancorp

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.