Riverview Bancorp (NASDAQ:RVSB) Stock Rating Upgraded by Raymond James Financial

Riverview Bancorp (NASDAQ:RVSB) was upgraded by research analysts at Raymond James Financial to a “moderate buy” rating in a report released on Monday, Zacks reports.

Other research analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Riverview Bancorp Price Performance

Shares of RVSB opened at $6.02 on Monday. The firm has a market capitalization of $120.10 million, a PE ratio of 26.13 and a beta of 0.47. The company’s 50-day moving average is $5.53 and its 200-day moving average is $5.50. Riverview Bancorp has a fifty-two week low of $4.88 and a fifty-two week high of $6.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93.

Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Wednesday, July 29th. 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. The company had revenue of $15.01 million during the quarter, compared to analysts’ expectations of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%.

Insiders Place Their Bets

In other Riverview Bancorp news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $5.25, for a total value of $26,250.00. Following the completion of the sale, the insider owned 89,388 shares of the company’s stock, valued at $469,287. The trade was a 5.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have bought 13,465 shares of company stock valued at $73,401. 3.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Riverview Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nierenberg Investment Management Company LLC acquired a new stake in Riverview Bancorp during the second quarter worth approximately $11,037,968. Dimensional Fund Advisors LP raised its holdings in Riverview Bancorp by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock valued at $7,349,000 after acquiring an additional 15,745 shares in the last quarter. BlackRock Inc. acquired a new position in Riverview Bancorp in the 2nd quarter valued at $7,042,000. The Manufacturers Life Insurance Company bought a new stake in shares of Riverview Bancorp during the 2nd quarter valued at $5,767,000. Finally, Renaissance Technologies LLC lifted its position in shares of Riverview Bancorp by 21.1% during 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 acquiring an additional 55,700 shares during the period. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc is a bank holding company headquartered in Vancouver, Washington. Its principal subsidiary, Riverview Community Bank, provides banking services to individuals, families, businesses and nonprofit organizations.

Riverview Community Bank offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include commercial and industrial loans, commercial real estate financing, construction loans, residential mortgage loans, home equity products and consumer loans.