Riverview Bancorp (NASDAQ:RVSB) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Riverview Bancorp (NASDAQ:RVSB) from a hold rating to a strong sell rating in a report published on Thursday,Zacks.com reports.

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

Riverview Bancorp Price Performance

Shares of RVSB opened at $5.18 on Thursday. The business’s 50-day moving average is $5.13 and its two-hundred day moving average is $5.42. The company has a market capitalization of $108.51 million, a P/E ratio of 23.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.89 and a current ratio of 0.89. Riverview Bancorp has a fifty-two week low of $4.61 and a fifty-two week high of $6.59.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Tuesday, October 28th. The savings and loans company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $13.62 million for the quarter, compared to analyst estimates of $13.60 million. Riverview Bancorp had a return on equity of 2.94% and a net margin of 6.30%. Research analysts predict that Riverview Bancorp will post 0.2 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Thursday, October 9th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, October 9th. Riverview Bancorp’s payout ratio is presently 36.36%.

Institutional Investors Weigh In On Riverview Bancorp

Several institutional investors have recently bought and sold shares of RVSB. Columbia River Financial Group LLC acquired a new stake in Riverview Bancorp in the 1st quarter worth about $31,000. Pacific Ridge Capital Partners LLC lifted its stake in Riverview Bancorp by 17.0% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 761,908 shares of the savings and loans company’s stock worth $4,305,000 after purchasing an additional 110,466 shares in the last quarter. Empowered Funds LLC lifted its stake in Riverview Bancorp by 7.4% in the 1st quarter. Empowered Funds LLC now owns 101,394 shares of the savings and loans company’s stock worth $573,000 after purchasing an additional 6,988 shares in the last quarter. Jane Street Group LLC lifted its stake in Riverview Bancorp by 204.1% in the 1st quarter. Jane Street Group LLC now owns 46,318 shares of the savings and loans company’s stock worth $262,000 after purchasing an additional 31,085 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new position in Riverview Bancorp in the 2nd quarter worth approximately $126,000. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc operates as a bank holding company for Riverview 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.