Riverview Bancorp, Inc. (NASDAQ:RVSB) shares reached a new 52-week low on Thursday . The stock traded as low as $6.71 and last traded at $7.32, with a volume of 1309 shares. The stock had previously closed at $7.58.
Several research analysts have weighed in on RVSB shares. ValuEngine lowered Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Zacks Investment Research raised Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Wednesday, November 7th.
The stock has a market capitalization of $170.85 million, a price-to-earnings ratio of 13.94 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, October 25th. The savings and loans company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The firm had revenue of $14.62 million for the quarter, compared to analyst estimates of $14.20 million. Riverview Bancorp had a return on equity of 12.61% and a net margin of 22.54%. As a group, equities research analysts predict that Riverview Bancorp, Inc. will post 0.75 earnings per share for the current year.
Several large investors have recently bought and sold shares of RVSB. Campbell & CO Investment Adviser LLC acquired a new position in shares of Riverview Bancorp during the 3rd quarter worth approximately $128,000. Citadel Advisors LLC acquired a new position in shares of Riverview Bancorp during the 3rd quarter worth approximately $144,000. John W. Rosenthal Capital Management Inc. acquired a new position in shares of Riverview Bancorp during the 3rd quarter worth approximately $177,000. Bailard Inc. acquired a new position in shares of Riverview Bancorp during the 2nd quarter worth approximately $633,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Riverview Bancorp by 14.9% during the 3rd quarter. Acadian Asset Management LLC now owns 79,790 shares of the savings and loans company’s stock worth $705,000 after acquiring an additional 10,319 shares during the last quarter. 60.80% of the stock is currently owned by hedge funds and other institutional investors.
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About Riverview Bancorp (NASDAQ:RVSB)
Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and 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.
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