Riverview Bancorp (NASDAQ:RVSB) Raised to “Hold” at Wall Street Zen

Riverview Bancorp (NASDAQ:RVSB) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts have also recently issued reports on the stock. Zacks Research raised shares of Riverview Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Riverview Bancorp in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.00.

Riverview Bancorp Stock Down 0.2%

Riverview Bancorp stock opened at $5.52 on Friday. The company has a market capitalization of $114.32 million, a PE ratio of 24.00 and a beta of 0.58. Riverview Bancorp has a 12-month low of $4.74 and a 12-month high of $6.59. The firm’s fifty day moving average is $5.30 and its 200 day moving average is $5.23. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.55.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, January 29th. The savings and loans company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a net margin of 6.41% and a return on equity of 2.99%. The business had revenue of $14.05 million during the quarter, compared to analysts’ expectations of $13.70 million. As a group, sell-side analysts predict that Riverview Bancorp will post 0.2 EPS for the current fiscal year.

Riverview Bancorp announced that its board has authorized a share buyback program on Wednesday, January 28th that allows the company to repurchase $4.00 million in outstanding shares. This repurchase authorization allows the savings and loans company to buy up to 3.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Riverview Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its stake in shares of Riverview Bancorp by 6.3% in the fourth quarter. Empowered Funds LLC now owns 128,293 shares of the savings and loans company’s stock worth $644,000 after purchasing an additional 7,575 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in Riverview Bancorp by 2.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 275,199 shares of the savings and loans company’s stock worth $1,381,000 after buying an additional 7,575 shares in the last quarter. AQR Capital Management LLC raised its position in Riverview Bancorp by 22.7% in the 4th quarter. AQR Capital Management LLC now owns 66,380 shares of the savings and loans company’s stock valued at $333,000 after buying an additional 12,261 shares during the last quarter. Barclays PLC raised its position in Riverview Bancorp by 4.0% in the 4th quarter. Barclays PLC now owns 86,231 shares of the savings and loans company’s stock valued at $433,000 after buying an additional 3,325 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Riverview Bancorp by 42.3% during the 4th quarter. Wells Fargo & Company MN now owns 24,369 shares of the savings and loans company’s stock valued at $122,000 after acquiring an additional 7,245 shares in the last quarter. 69.60% of the stock is owned by institutional investors.

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.