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

Key Points

• Riverview Bancorp has been downgraded by Wall Street Zen from a "hold" rating to a "sell" rating, reflecting a shift in analysts' perceptions of the stock.
• The stock is currently trading at $5.21 with a twelve-month high of $6.59 and a consensus target price of $7.00.
• Despite the downgrade, Weiss Ratings has reaffirmed a "hold (c)" rating, indicating mixed sentiments among analysts regarding the stock's future performance.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Friday.

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Riverview Bancorp in a research note on Saturday, September 27th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.00.

Riverview Bancorp Trading Up 0.8%

Shares of RVSB traded up $0.04 during trading on Friday, reaching $5.21. 24,978 shares of the company traded hands, compared to its average volume of 80,385. Riverview Bancorp has a twelve month low of $4.45 and a twelve month high of $6.59. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.81. The stock has a 50-day simple moving average of $5.06 and a 200-day simple moving average of $5.49. The stock has a market cap of $109.14 million, a PE ratio of 21.71 and a beta of 0.61.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last posted its earnings results on Tuesday, July 29th. The savings and loans company reported $0.06 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $13.30 million. On average, analysts anticipate that Riverview Bancorp will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nierenberg Investment Management Company Inc. grew its holdings in Riverview Bancorp by 18.7% during the 2nd quarter. Nierenberg Investment Management Company Inc. now owns 1,937,775 shares of the savings and loans company's stock worth $10,658,000 after acquiring an additional 304,741 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of Riverview Bancorp by 17.0% during the first quarter. Pacific Ridge Capital Partners LLC now owns 761,908 shares of the savings and loans company's stock worth $4,305,000 after purchasing an additional 110,466 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Riverview Bancorp by 539.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 574,723 shares of the savings and loans company's stock worth $3,161,000 after purchasing an additional 484,804 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Riverview Bancorp by 110.2% during the 2nd quarter. Geode Capital Management LLC now owns 460,461 shares of the savings and loans company's stock worth $2,533,000 after acquiring an additional 241,368 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in shares of Riverview Bancorp by 4.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 258,167 shares of the savings and loans company's stock worth $1,420,000 after acquiring an additional 9,867 shares in the last quarter. Institutional investors and hedge funds 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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