Riverview Bancorp (NASDAQ:RVSB) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Riverview Bancorp (NASDAQ:RVSBGet Rating) in a research note issued on Friday. The firm set a “buy” rating on the savings and loans company’s stock.

Separately, Zacks Investment Research upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Wednesday, May 4th.

Shares of RVSB opened at $6.62 on Friday. Riverview Bancorp has a one year low of $6.44 and a one year high of $8.22. The company has a market cap of $146.81 million, a P/E ratio of 6.69 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $7.33 and a two-hundred day simple moving average of $7.57.

Riverview Bancorp (NASDAQ:RVSBGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The savings and loans company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Riverview Bancorp had a net margin of 34.87% and a return on equity of 13.64%. On average, analysts expect that Riverview Bancorp will post 0.78 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Riverview Bancorp by 1.4% during the first quarter. BlackRock Inc. now owns 1,696,504 shares of the savings and loans company’s stock worth $12,809,000 after buying an additional 23,551 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of Riverview Bancorp by 19.3% during the third quarter. Deprince Race & Zollo Inc. now owns 468,912 shares of the savings and loans company’s stock worth $3,409,000 after buying an additional 75,738 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Riverview Bancorp by 5.4% in the fourth quarter. Renaissance Technologies LLC now owns 378,909 shares of the savings and loans company’s stock worth $2,914,000 after purchasing an additional 19,502 shares during the last quarter. rhino investment partners Inc increased its holdings in Riverview Bancorp by 37.4% in the first quarter. rhino investment partners Inc now owns 361,036 shares of the savings and loans company’s stock valued at $2,726,000 after purchasing an additional 98,347 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Riverview Bancorp by 4.0% in the first quarter. Acadian Asset Management LLC now owns 312,507 shares of the savings and loans company’s stock valued at $2,357,000 after purchasing an additional 12,133 shares during the period. 62.95% of the stock is currently owned by hedge funds and other institutional investors.

Riverview Bancorp Company Profile (Get Rating)

Riverview Bancorp, Inc operates as the savings and loan holding company for Riverview Community Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building 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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