Deprince Race & Zollo Inc. Purchases New Position in Riverview Bancorp Inc. (RVSB)
Deprince Race & Zollo Inc. purchased a new stake in shares of Riverview Bancorp Inc. (NASDAQ:RVSB) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 258,492 shares of the company’s stock, valued at approximately $1,391,000. Deprince Race & Zollo Inc. owned about 1.15% of Riverview Bancorp at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of RVSB. Bank of New York Mellon Corp boosted its position 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. MAI Capital Management bought a new position in shares of Riverview Bancorp during the third quarter valued at approximately $193,000. BlackRock Fund Advisors boosted its position 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. RMB Capital Management LLC bought a new position in shares of Riverview Bancorp during the third quarter valued at approximately $753,000. Finally, Alliancebernstein L.P. boosted its position 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. 51.43% of the stock is owned by hedge funds and other institutional investors.
Riverview Bancorp Inc. (NASDAQ:RVSB) traded down 0.17% during mid-day trading on Monday, hitting $5.98. The firm has a market cap of $134.39 million, a PE ratio of 20.69 and a beta of 0.48. Riverview Bancorp Inc. has a 1-year low of $4.15 and a 1-year high of $6.00. The company has a 50 day moving average price of $5.58 and a 200-day moving average price of $5.10.
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A number of analysts have recently issued reports on the company. Zacks Investment Research raised Riverview Bancorp from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Wednesday, October 5th. Raymond James Financial Inc. raised Riverview Bancorp from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a research report on Friday, September 30th.
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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