Riverview Bancorp (NASDAQ:RVSB) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Wall Street Zen upgraded Riverview Bancorp from “sell” to “hold,” while Weiss Ratings downgraded it from “sell (d+)” to “sell (d).” MarketBeat’s overall analyst consensus remains “Reduce.”
• Riverview Bancorp reported quarterly earnings of $0.08 per share, beating the $0.07 consensus estimate, while revenue of $15.01 million also exceeded expectations.
• The stock opened at $5.14, near the lower end of its 52-week range of $4.74 to $6.22. Institutional investors own approximately 69.6% of the company’s shares.

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 research note issued on Saturday.

Separately, Weiss Ratings downgraded shares of Riverview Bancorp from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Riverview Bancorp has an average rating of "Reduce".

Riverview Bancorp Price Performance

RVSB opened at $5.14 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.94. The stock's 50 day simple moving average is $5.37 and its 200 day simple moving average is $5.42. The firm has a market cap of $102.54 million, a price-to-earnings ratio of -27.05 and a beta of 0.49. Riverview Bancorp has a 1 year low of $4.74 and a 1 year high of $6.22.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $15.01 million during the quarter, compared to the consensus estimate of $14.80 million. Riverview Bancorp had a positive return on equity of 3.12% and a negative net margin of 5.87%. As a group, analysts predict that Riverview Bancorp will post 0.28 earnings per share for the current year.

Insider Transactions at Riverview Bancorp

In related news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the business's stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $5.25, for a total transaction of $26,250.00. Following the transaction, the insider owned 89,388 shares in the company, valued at $469,287. The trade was a 5.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders bought 4,426 shares of company stock worth $23,264. 3.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Riverview Bancorp

A number of large investors have recently made changes to their positions in the business. Nierenberg Investment Management Company LLC purchased a new position in shares of Riverview Bancorp during the second quarter valued at approximately $11,037,968,000. Dimensional Fund Advisors LP lifted its stake in Riverview Bancorp by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company's stock worth $7,349,000 after acquiring an additional 15,745 shares during the period. BlackRock Inc. bought a new stake in Riverview Bancorp in the second quarter valued at $7,042,000. The Manufacturers Life Insurance Company bought a new stake in Riverview Bancorp in the second quarter valued at $5,767,000. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in Riverview Bancorp by 3.5% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 723,684 shares of the savings and loans company's stock valued at $3,633,000 after acquiring an additional 24,178 shares in the last quarter. 69.60% of the stock is currently owned by institutional investors.

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.

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