Riverview Bancorp Inc. (RVSB) Rating Increased to Outperform at Raymond James Financial Inc.
Riverview Bancorp Inc. (NASDAQ:RVSB) was upgraded by Raymond James Financial Inc. from a “market perform” rating to an “outperform” rating in a note issued to investors on Friday. The brokerage currently has a $6.00 price objective on the stock. Raymond James Financial Inc.’s price target would indicate a potential upside of 9.69% from the stock’s current price.
Separately, Zacks Investment Research raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th.
Shares of Riverview Bancorp (NASDAQ:RVSB) opened at 5.47 on Friday. The company has a market capitalization of $122.89 million, a P/E ratio of 18.99 and a beta of 0.28. The firm’s 50 day moving average is $5.19 and its 200-day moving average is $4.78. Riverview Bancorp has a 52-week low of $4.15 and a 52-week high of $5.53.
Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Tuesday, July 26th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. Riverview Bancorp had a net margin of 15.76% and a return on equity of 5.99%. Equities research analysts anticipate that Riverview Bancorp will post $0.30 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of RVSB. Bank of New York Mellon Corp raised its stake in Riverview Bancorp by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 22,762 shares of the company’s stock valued at $108,000 after buying an additional 820 shares during the last quarter. BlackRock Fund Advisors raised its stake in Riverview Bancorp by 7.4% in the second quarter. BlackRock Fund Advisors now owns 63,459 shares of the company’s stock valued at $300,000 after buying an additional 4,352 shares during the last quarter. Alliancebernstein L.P. raised its stake in Riverview Bancorp by 7.9% in the second quarter. Alliancebernstein L.P. now owns 468,203 shares of the company’s stock valued at $2,215,000 after buying an additional 34,270 shares during the last quarter. Maltese Capital Management LLC raised its stake in Riverview Bancorp by 2.1% in the second quarter. Maltese Capital Management LLC now owns 643,700 shares of the company’s stock valued at $3,045,000 after buying an additional 13,300 shares during the last quarter. Finally, PL Capital Advisors LLC purchased a new stake in Riverview Bancorp during the second quarter valued at $3,385,000. 51.38% of the stock is currently owned by institutional investors and hedge funds.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Bank is engaged primarily in the business of attracting deposits from the general public and using such funds, together with other borrowings, to invest in various commercial business, commercial real estate, multi-family real estate, real estate construction, residential real estate and consumer loans.
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