Riverview Bancorp (NASDAQ:RVSB) Raised to "Hold" at Wall Street Zen

Key Points

• Riverview Bancorp was upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen, reflecting a majority consensus rating of "Moderate Buy".
• The stock's price on Friday opened at $5.05, with a 52-week range between $4.45 and $6.59 and a market capitalization of approximately $105.80 million.
• Riverview Bancorp reported a quarterly EPS of $0.06, surpassing analysts' estimates, with expectations of a earnings per share of 0.2 for the current fiscal year.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Riverview Bancorp in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Riverview Bancorp currently has a consensus rating of "Moderate Buy" and an average price target of $7.00.

Riverview Bancorp Price Performance

Shares of Riverview Bancorp stock opened at $5.05 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.81. The company's 50-day moving average price is $5.07 and its two-hundred day moving average price is $5.48. Riverview Bancorp has a 52 week low of $4.45 and a 52 week high of $6.59. The stock has a market cap of $105.80 million, a PE ratio of 21.04 and a beta of 0.61.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The savings and loans company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Riverview Bancorp had a net margin of 6.95% and a return on equity of 3.22%. The firm had revenue of $13.27 million for the quarter, compared to analysts' expectations of $13.30 million. As a group, sell-side analysts anticipate that Riverview Bancorp will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Riverview Bancorp

A number of institutional investors have recently bought and sold shares of RVSB. Columbia River Financial Group LLC purchased a new position in Riverview Bancorp in the 1st quarter worth about $31,000. Pacific Ridge Capital Partners LLC grew its stake in Riverview Bancorp by 17.0% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 761,908 shares of the savings and loans company's stock valued at $4,305,000 after acquiring an additional 110,466 shares in the last quarter. Empowered Funds LLC grew its stake in Riverview Bancorp by 7.4% during the 1st quarter. Empowered Funds LLC now owns 101,394 shares of the savings and loans company's stock valued at $573,000 after acquiring an additional 6,988 shares in the last quarter. Jane Street Group LLC grew its stake in Riverview Bancorp by 204.1% during the 1st quarter. Jane Street Group LLC now owns 46,318 shares of the savings and loans company's stock valued at $262,000 after acquiring an additional 31,085 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new position in Riverview Bancorp during the 2nd quarter valued at about $126,000. Hedge funds and other institutional investors own 69.60% of the company's stock.

Riverview Bancorp Company Profile

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

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