Riverview Bancorp (NASDAQ:RVSB) Now Covered by StockNews.com

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

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

Riverview Bancorp stock opened at $6.55 on Friday. The stock has a market cap of $145.26 million, a P/E ratio of 6.62 and a beta of 0.75. The company has a fifty day simple moving average of $7.19 and a 200-day simple moving average of $7.52. Riverview Bancorp has a 12-month low of $6.36 and a 12-month high of $8.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.18.

Riverview Bancorp (NASDAQ:RVSBGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The savings and loans company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Riverview Bancorp had a net margin of 34.87% and a return on equity of 13.64%. The firm had revenue of $14.87 million during the quarter, compared to analysts’ expectations of $14.90 million. As a group, sell-side analysts forecast that Riverview Bancorp will post 0.78 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of RVSB. Morgan Stanley increased its stake in shares of Riverview Bancorp by 31.9% during the second quarter. Morgan Stanley now owns 87,959 shares of the savings and loans company’s stock worth $624,000 after acquiring an additional 21,281 shares during the period. Russell Investments Group Ltd. grew its position in Riverview Bancorp by 4.6% during the third quarter. Russell Investments Group Ltd. now owns 94,043 shares of the savings and loans company’s stock worth $682,000 after buying an additional 4,161 shares during the period. Creative Planning acquired a new position in Riverview Bancorp during the third quarter worth about $84,000. American Century Companies Inc. grew its position in Riverview Bancorp by 16.7% during the third quarter. American Century Companies Inc. now owns 54,474 shares of the savings and loans company’s stock worth $396,000 after buying an additional 7,802 shares during the period. Finally, Geode Capital Management LLC grew its position in Riverview Bancorp by 3.4% during the third quarter. Geode Capital Management LLC now owns 229,144 shares of the savings and loans company’s stock worth $1,665,000 after buying an additional 7,467 shares during the period. Institutional investors and hedge funds own 62.95% of the company’s stock.

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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