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

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

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

Riverview Bancorp Trading Down 0.8%

Shares of RVSB opened at $5.17 on Friday. Riverview Bancorp has a 1-year low of $4.74 and a 1-year high of $6.59. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average price is $5.18 and its 200-day moving average price is $5.17. The firm has a market capitalization of $107.28 million, a price-to-earnings ratio of 22.48 and a beta of 0.62.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Tuesday, January 27th. The savings and loans company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $14.05 million during the quarter, compared to analyst estimates of $13.70 million. Riverview Bancorp had a net margin of 6.41% and a return on equity of 3.00%. Sell-side analysts anticipate that Riverview Bancorp will post 0.2 EPS for the current year.

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

Hedge Funds Weigh In On Riverview Bancorp

Large investors have recently modified their holdings of the stock. Daytona Street Capital LLC purchased a new stake in Riverview Bancorp during the 4th quarter valued at about $30,000. CWM LLC bought a new stake in Riverview Bancorp during the 3rd quarter valued at about $30,000. BNP Paribas Financial Markets raised its holdings in Riverview Bancorp by 122.9% in the third 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 last quarter. Raymond James Financial Inc. bought a new position in shares of Riverview Bancorp in the second quarter worth approximately $34,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Riverview Bancorp during the second quarter valued at approximately $53,000. 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.