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

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

Separately, Weiss Ratings downgraded shares of Riverview Bancorp from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Riverview Bancorp has an average rating of “Reduce”.

Riverview Bancorp Price Performance

NASDAQ:RVSB opened at $5.14 on Friday. The firm has a market cap of $102.54 million, a P/E ratio of -27.05 and a beta of 0.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. Riverview Bancorp has a fifty-two week low of $4.74 and a fifty-two week high of $6.22. The firm has a 50-day simple moving average of $5.37 and a two-hundred day simple moving average of $5.42.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $15.01 million during the quarter, compared to analysts’ expectations of $14.80 million. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%. Analysts predict that Riverview Bancorp will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Riverview Bancorp news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $5.25, for a total value of $26,250.00. Following the completion of the transaction, the insider owned 89,388 shares of the company’s stock, valued at approximately $469,287. The trade was a 5.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders bought 4,426 shares of company stock valued at $23,264. 3.90% of the stock is currently owned by company insiders.

Institutional Trading of Riverview Bancorp

A number of institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC grew its stake in shares of Riverview Bancorp by 7.4% in the first quarter. Empowered Funds LLC now owns 101,394 shares of the savings and loans company’s stock worth $573,000 after acquiring an additional 6,988 shares during the period. Jane Street Group LLC lifted its position in Riverview Bancorp by 204.1% during the first quarter. Jane Street Group LLC now owns 46,318 shares of the savings and loans company’s stock valued at $262,000 after purchasing an additional 31,085 shares during the period. Geode Capital Management LLC lifted its position in Riverview Bancorp by 110.2% during the second quarter. Geode Capital Management LLC now owns 460,461 shares of the savings and loans company’s stock valued at $2,533,000 after purchasing an additional 241,368 shares during the period. JPMorgan Chase & Co. purchased a new stake in Riverview Bancorp in the second quarter worth approximately $53,000. Finally, American Century Companies Inc. boosted its holdings in Riverview Bancorp by 3.8% in the second quarter. American Century Companies Inc. now owns 115,638 shares of the savings and loans company’s stock worth $636,000 after purchasing an additional 4,206 shares during the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

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.