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

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

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Riverview Bancorp in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Riverview Bancorp Stock Performance

NASDAQ:RVSB opened at $5.27 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. The company has a market cap of $109.14 million, a P/E ratio of -25.10 and a beta of 0.46. Riverview Bancorp has a fifty-two week low of $4.74 and a fifty-two week high of $6.59. The firm’s 50 day moving average is $5.40 and its two-hundred day moving average is $5.29.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Tuesday, April 28th. The savings and loans company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The company had revenue of $2.15 million for the quarter, compared to analysts’ expectations of $14.10 million. Riverview Bancorp had a positive return on equity of 2.67% and a negative net margin of 6.70%. Analysts expect that Riverview Bancorp will post 0.32 EPS for the current year.

Riverview Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 13th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, April 13th. Riverview Bancorp’s dividend payout ratio (DPR) is presently -38.10%.

Riverview Bancorp announced that its board has authorized a share buyback plan on Wednesday, January 28th that permits the company to buyback $4.00 million in shares. This buyback authorization permits the savings and loans company to repurchase up to 3.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Daytona Street Capital LLC acquired a new position in Riverview Bancorp during the 4th quarter worth $30,000. CWM LLC acquired a new position in Riverview Bancorp during the 3rd quarter worth $30,000. BNP Paribas Financial Markets grew its holdings in Riverview Bancorp by 122.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock worth $34,000 after acquiring an additional 3,524 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Riverview Bancorp during the 2nd quarter worth $34,000. Finally, JPMorgan Chase & Co. acquired a new position in Riverview Bancorp during the 2nd quarter worth $53,000. 69.60% of the stock is owned by institutional investors and hedge funds.

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.