Riverview Bancorp (NASDAQ:RVSB) Raised to “Hold” at Zacks Research

Riverview Bancorp (NASDAQ:RVSB) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, MarketBeat reports.

Other equities analysts have also issued reports about the stock. Wall Street Zen lowered shares of Riverview Bancorp from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “hold (c)” rating on shares of Riverview Bancorp in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.00.

Riverview Bancorp Stock Performance

Shares of NASDAQ:RVSB opened at $5.02 on Monday. Riverview Bancorp has a twelve month low of $4.74 and a twelve month high of $6.59. The firm has a market cap of $104.17 million, a PE ratio of 22.82 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 0.86. The business has a fifty day moving average of $5.25 and a 200-day moving average of $5.24.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Monday, November 3rd. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Riverview Bancorp had a return on equity of 2.92% and a net margin of 6.30%.The company had revenue of $13.62 million for the quarter, compared to analyst estimates of $13.60 million. On average, equities research analysts predict that Riverview Bancorp will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Riverview Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC bought a new position in Riverview Bancorp during the third quarter worth about $30,000. Raymond James Financial Inc. acquired a new stake in Riverview Bancorp in the second quarter worth $34,000. BNP Paribas Financial Markets boosted its position in shares of Riverview Bancorp by 122.9% during the third quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 3,524 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Riverview Bancorp in the 2nd quarter valued at $53,000. Finally, Intech Investment Management LLC acquired a new position in shares of Riverview Bancorp in the 3rd quarter valued at $55,000. Institutional investors own 69.60% of the company’s stock.

Riverview Bancorp Company Profile

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.