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.
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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