Riverview Bancorp Inc (NASDAQ:RVSB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, July 5th.
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 shares of Riverview Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
Riverview Bancorp (NASDAQ:RVSB) traded up 0.66% on Wednesday, reaching $7.64. 60,936 shares of the company’s stock were exchanged. Riverview Bancorp has a 12 month low of $4.69 and a 12 month high of $8.16. The firm has a market cap of $171.93 million, a PE ratio of 20.65 and a beta of 0.27. The firm’s 50-day moving average is $6.93 and its 200-day moving average is $7.25.
Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Riverview Bancorp had a net margin of 17.19% and a return on equity of 7.56%. The firm had revenue of $13.17 million for the quarter, compared to the consensus estimate of $13.20 million. On average, equities analysts forecast that Riverview Bancorp will post $0.50 earnings per share for the current year.
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In related news, Director Ancora Advisors, Llc sold 900,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $6.50, for a total value of $5,850,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 7.41% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Riverview Bancorp by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,176,688 shares of the savings and loans company’s stock worth $8,237,000 after buying an additional 23,815 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Riverview Bancorp by 78.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 40,027 shares of the savings and loans company’s stock worth $286,000 after buying an additional 17,583 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Riverview Bancorp by 44.5% in the first quarter. Acadian Asset Management LLC now owns 71,931 shares of the savings and loans company’s stock worth $514,000 after buying an additional 22,138 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Riverview Bancorp during the first quarter worth $150,000. Finally, Globeflex Capital L P increased its stake in shares of Riverview Bancorp by 15,004.8% in the first quarter. Globeflex Capital L P now owns 28,397 shares of the savings and loans company’s stock worth $203,000 after buying an additional 28,209 shares in the last quarter. 53.88% of the stock is currently owned by institutional investors and hedge funds.
About Riverview Bancorp
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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