Riverview Bancorp (NASDAQ:RVSB) Stock Rating Upgraded by Wall Street Zen

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

A number of other brokerages also recently weighed in on RVSB. Zacks Research upgraded Riverview Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Riverview Bancorp in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Riverview Bancorp Stock Down 0.2%

Riverview Bancorp stock opened at $5.52 on Friday. Riverview Bancorp has a fifty-two week low of $4.74 and a fifty-two week high of $6.59. The stock has a market cap of $114.32 million, a PE ratio of 24.00 and a beta of 0.58. The firm’s 50-day simple moving average is $5.30 and its 200 day simple moving average is $5.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.88 and a current ratio of 0.88.

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

Riverview Bancorp announced that its Board of Directors has authorized a stock repurchase program on Wednesday, January 28th that permits the company to repurchase $4.00 million in shares. This repurchase authorization permits the savings and loans company to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Riverview Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Daytona Street Capital LLC purchased a new position in shares of Riverview Bancorp in the fourth quarter worth about $30,000. CWM LLC bought a new position in Riverview Bancorp in the 3rd quarter worth approximately $30,000. BNP Paribas Financial Markets boosted its holdings in Riverview Bancorp by 122.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock worth $34,000 after buying an additional 3,524 shares during the period. Raymond James Financial Inc. purchased a new position in Riverview Bancorp in the 2nd quarter valued at approximately $34,000. Finally, JPMorgan Chase & Co. purchased a new position in Riverview Bancorp in the 2nd quarter valued at approximately $53,000. 69.60% of the stock is owned by hedge funds and other institutional investors.

About Riverview Bancorp

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.