Riverview Bancorp (NASDAQ:RVSB) Rating Lowered to Sell at Wall Street Zen

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

Several other analysts have also issued reports 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 reissued a “hold (c)” rating on shares of Riverview Bancorp in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Riverview Bancorp currently has an average rating of “Hold” and a consensus price target of $7.00.

Riverview Bancorp Stock Performance

Shares of NASDAQ RVSB opened at $5.42 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50 day moving average price of $5.21 and a 200 day moving average price of $5.17. The stock has a market capitalization of $112.47 million, a PE ratio of 23.57 and a beta of 0.62. Riverview Bancorp has a 52 week low of $4.74 and a 52 week high of $6.59.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, January 29th. The savings and loans company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $14.05 million for the quarter, compared to analyst estimates of $13.70 million. Riverview Bancorp had a return on equity of 3.00% and a net margin of 6.41%. Analysts predict that Riverview Bancorp will post 0.2 earnings per share for the current fiscal year.

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

Institutional Trading of Riverview Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Daytona Street Capital LLC bought a new position in shares of Riverview Bancorp in the 4th quarter valued at $30,000. CWM LLC acquired a new position in Riverview Bancorp in the 3rd quarter worth about $30,000. BNP Paribas Financial Markets raised its position 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 valued at $34,000 after purchasing an additional 3,524 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Riverview Bancorp during the second quarter valued at about $34,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Riverview Bancorp during the second quarter worth about $53,000. Institutional investors own 69.60% of the company’s stock.

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.