Riverview Bancorp Inc. (RVSB) Upgraded to “Outperform” at Raymond James Financial Inc.
Raymond James Financial Inc. upgraded shares of Riverview Bancorp Inc. (NASDAQ:RVSB) from a market perform rating to an outperform rating in a research report released on Friday morning. They currently have $6.00 price target on the stock.
Separately, Zacks Investment Research upgraded shares of Riverview Bancorp from a sell rating to a hold rating in a report on Tuesday, July 5th.
Shares of Riverview Bancorp (NASDAQ:RVSB) traded up 1.1041% during mid-day trading on Friday, hitting $5.4394. 7,934 shares of the stock traded hands. Riverview Bancorp has a 52 week low of $4.15 and a 52 week high of $5.48. The company has a market cap of $122.21 million, a price-to-earnings ratio of 18.8868 and a beta of 0.28. The stock has a 50-day moving average of $5.18 and a 200-day moving average of $4.77.
Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Tuesday, July 26th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. Riverview Bancorp had a net margin of 15.76% and a return on equity of 5.99%. Analysts anticipate that Riverview Bancorp will post $0.30 EPS for the current year.
Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in shares of Riverview Bancorp by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 22,762 shares of the company’s stock valued at $108,000 after buying an additional 820 shares during the period. BlackRock Fund Advisors increased its stake in shares of Riverview Bancorp by 7.4% in the second quarter. BlackRock Fund Advisors now owns 63,459 shares of the company’s stock valued at $300,000 after buying an additional 4,352 shares during the period. Alliancebernstein L.P. increased its stake in shares of Riverview Bancorp by 7.9% in the second quarter. Alliancebernstein L.P. now owns 468,203 shares of the company’s stock valued at $2,215,000 after buying an additional 34,270 shares during the period. Maltese Capital Management LLC increased its stake in shares of Riverview Bancorp by 2.1% in the second quarter. Maltese Capital Management LLC now owns 643,700 shares of the company’s stock valued at $3,045,000 after buying an additional 13,300 shares during the period. Finally, PL Capital Advisors LLC purchased a new stake in shares of Riverview Bancorp during the second quarter valued at approximately $3,385,000. Institutional investors and hedge funds own 51.38% of the company’s stock.
About Riverview Bancorp
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Bank is engaged primarily in the business of attracting deposits from the general public and using such funds, together with other borrowings, to invest in various commercial business, commercial real estate, multi-family real estate, real estate construction, residential real estate and consumer loans.
Receive News & Stock Ratings for Riverview Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp Inc. and related stocks with our FREE daily email newsletter.