Weiss Ratings Reiterates "Hold (C)" Rating for Riverview Bancorp (NASDAQ:RVSB)

Key Points

• Weiss Ratings has restated its "hold (C)" rating for Riverview Bancorp (NASDAQ:RVSB), while Wall Street Zen has downgraded the stock from "hold" to "sell."
• The company's stock recently opened at $5.30, with a market capitalization of approximately $111.04 million and a price-to-earnings ratio of 22.08.
• Riverview Bancorp reported earnings per share of $0.06 for its last quarter, beating analysts’ expectations by $0.01.

Riverview Bancorp (NASDAQ:RVSB - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Riverview Bancorp from a "hold" rating to a "sell" rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Riverview Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.00.

Riverview Bancorp Stock Up 1.0%

Shares of NASDAQ:RVSB opened at $5.30 on Wednesday. The stock has a market capitalization of $111.04 million, a price-to-earnings ratio of 22.08 and a beta of 0.61. Riverview Bancorp has a 1-year low of $4.45 and a 1-year high of $6.59. The company's fifty day moving average is $5.06 and its two-hundred day moving average is $5.49. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.89 and a current ratio of 0.89.

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

Institutional Trading of Riverview Bancorp

A number of large investors have recently modified their holdings of RVSB. Arrowstreet Capital Limited Partnership increased its holdings in shares of Riverview Bancorp by 539.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 574,723 shares of the savings and loans company's stock worth $3,161,000 after acquiring an additional 484,804 shares during the period. Nierenberg Investment Management Company Inc. grew its position in Riverview Bancorp by 18.7% in the 2nd quarter. Nierenberg Investment Management Company Inc. now owns 1,937,775 shares of the savings and loans company's stock valued at $10,658,000 after buying an additional 304,741 shares in the last quarter. Geode Capital Management LLC grew its position in Riverview Bancorp by 110.2% in the 2nd quarter. Geode Capital Management LLC now owns 460,461 shares of the savings and loans company's stock valued at $2,533,000 after buying an additional 241,368 shares in the last quarter. Marshall Wace LLP bought a new position in Riverview Bancorp in the 2nd quarter valued at about $913,000. Finally, Pacific Ridge Capital Partners LLC grew its position in Riverview Bancorp by 17.0% in 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 buying an additional 110,466 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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