Riverview Bancorp (NASDAQ:RVSB) Research Coverage Started at StockNews.com

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

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

Shares of RVSB opened at $6.93 on Friday. The stock has a 50 day moving average price of $7.11 and a 200 day moving average price of $7.49. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $153.69 million, a price-to-earnings ratio of 7.00 and a beta of 0.75. Riverview Bancorp has a 52-week low of $6.36 and a 52-week high of $8.22.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $14.87 million during the quarter, compared to the consensus estimate of $14.90 million. Riverview Bancorp had a return on equity of 13.64% and a net margin of 34.87%. On average, equities analysts anticipate that Riverview Bancorp will post 0.78 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Riverview Bancorp by 1.4% in the first quarter. BlackRock Inc. now owns 1,696,504 shares of the savings and loans company’s stock valued at $12,809,000 after acquiring an additional 23,551 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Riverview Bancorp by 158.9% in the first quarter. The Manufacturers Life Insurance Company now owns 669,877 shares of the savings and loans company’s stock valued at $5,058,000 after acquiring an additional 411,131 shares during the period. Elizabeth Park Capital Advisors Ltd. boosted its holdings in shares of Riverview Bancorp by 12.4% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 516,936 shares of the savings and loans company’s stock valued at $3,903,000 after acquiring an additional 57,222 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in shares of Riverview Bancorp by 19.3% in the third quarter. Deprince Race & Zollo Inc. now owns 468,912 shares of the savings and loans company’s stock valued at $3,409,000 after acquiring an additional 75,738 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings 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 valued at $2,914,000 after acquiring an additional 19,502 shares during the period. 62.95% of the stock is owned by institutional investors and hedge funds.

About Riverview Bancorp (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.

See Also

Receive News & Ratings for Riverview Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.