Riverview Bancorp (NASDAQ:RVSB) Research coverage has begun on StockNews.com

StockNews.com began to cover the shares of Riverview Bancorp (NASDAQ: RVSB – Get a rating) in a research report delivered Wednesday to clients and investors. The brokerage has placed a “buy” rating on the shares of the savings and loan company.

Separately, Zacks Investment Research upgraded Riverview Bancorp shares from a “sell” to a “hold” rating in a Tuesday, April 5 research memo.

The NASDAQ RVSB opened Wednesday at $7.11. The company has a market capitalization of $157.68 million, a PE ratio of 7.48 and a beta of 0.76. Riverview Bancorp has a 1-year low of $6.44 and a 1-year high of $8.22. The company has a fifty-day moving average of $7.51. The company has a debt ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80.

Riverview Bancorp (NASDAQ: RVSB – Get a rating) last released its quarterly results on Thursday, January 27. The savings and loan company reported earnings per share (EPS) of $0.25 for the quarter. Riverview Bancorp had a return on equity of 13.37% and a net margin of 34.09%. The company had revenue of $15.18 million for the quarter. On average, sell-side analysts expect Riverview Bancorp to post earnings per share of 0.95 for the current year.

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Several institutional investors have recently bought and sold shares of RVSB. The Manufacturers Life Insurance Company increased its holdings of Riverview Bancorp shares by 878.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 258,746 shares of the savings and loan company valued at $1,990,000 after acquiring 232,298 more shares last quarter. Maltese Capital Management LLC bought a new position in shares of Riverview Bancorp during the 4th quarter at a value of $769,000. Deprince Race & Zollo Inc. increased its holdings of Riverview Bancorp shares by 19.3% during the third quarter. Deprince Race & Zollo Inc. now owns 468,912 shares of the savings and loan company valued at $3,409,000 after acquiring 75,738 additional shares last quarter. Acadian Asset Management LLC increased its holdings of Riverview Bancorp shares by 11.2% during the 4th quarter. Acadian Asset Management LLC now owns 300,374 shares of the savings and loan company valued at $2,307,000 after acquiring 30,345 additional shares last quarter. Finally, Two Sigma Advisers LP increased its holdings of Riverview Bancorp shares by 173.2% during the third quarter. Two Sigma Advisers LP now owns 41,800 shares of the savings and loan company valued at $304,000 after acquiring an additional 26,500 shares last quarter. Institutional investors and hedge funds hold 61.69% of the company’s shares.

About Riverview Bancorp (Get a rating)

Riverview Bancorp, Inc operates as a savings and loan holding company for Riverview Community Bank which provides commercial banking services to small and medium-sized businesses, professionals and wealth-building individuals. It offers a range of deposit products, including demand deposits, negotiable order withdrawal accounts, money market accounts, savings accounts, certificates of deposit and retirement savings plans.

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