Riverview Bancorp Inc (NASDAQ:RVSB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Riverview Bancorp, Inc. is a holding company for Riverview Savings Bank. The bank is a community oriented financial institution offering traditional financial services to the residents of its primary market area. The bank is engaged in the business of attracting deposits from the public and using such funds to originate fixed-rate mortgage loans and adjustable rate mortgage loans secured by one- to- four family residential real estate located in its primary market area. The bank is an active originator of residential construction loans and consumer loans. “
Separately, ValuEngine raised Riverview Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
Riverview Bancorp (NASDAQ:RVSB) opened at 8.03 on Wednesday. The company has a 50-day moving average of $7.71 and a 200-day moving average of $7.29. Riverview Bancorp has a 52 week low of $4.91 and a 52 week high of $8.16. The company has a market cap of $180.71 million, a PE ratio of 21.70 and a beta of 0.28.
Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $13.17 million for the quarter, compared to analyst estimates of $13.20 million. Riverview Bancorp had a return on equity of 7.51% and a net margin of 17.19%. On average, equities analysts expect that Riverview Bancorp will post $0.52 EPS for the current year.
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A number of large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in shares of Riverview Bancorp by 27.4% in the first quarter. Goldman Sachs Group Inc. now owns 18,776 shares of the savings and loans company’s stock worth $134,000 after buying an additional 4,038 shares during the last quarter. Globeflex Capital L P increased its stake in shares of Riverview Bancorp by 18.6% in the second quarter. Globeflex Capital L P now owns 33,688 shares of the savings and loans company’s stock worth $224,000 after buying an additional 5,291 shares during the last quarter. Spark Investment Management LLC increased its stake in shares of Riverview Bancorp by 19.4% in the first quarter. Spark Investment Management LLC now owns 34,400 shares of the savings and loans company’s stock worth $245,000 after buying an additional 5,600 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Riverview Bancorp by 11.0% in the first quarter. Renaissance Technologies LLC now owns 106,900 shares of the savings and loans company’s stock worth $764,000 after buying an additional 10,600 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Riverview Bancorp by 5.8% in the second quarter. Stifel Financial Corp now owns 200,551 shares of the savings and loans company’s stock worth $1,330,000 after buying an additional 11,045 shares during the last quarter. 56.03% of the stock is currently owned by institutional investors.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
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