Riverview Bancorp (NASDAQ:RVSB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Riverview Bancorp (NASDAQ:RVSB) from a sell rating to a hold rating in a research note released on Saturday morning.

Separately, Weiss Ratings downgraded Riverview Bancorp from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Riverview Bancorp Stock Performance

Shares of NASDAQ RVSB opened at $5.17 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $103.14 million, a price-to-earnings ratio of -27.21 and a beta of 0.49. The business’s 50-day simple moving average is $5.36 and its 200-day simple moving average is $5.42. Riverview Bancorp has a 52 week low of $4.74 and a 52 week high of $6.22.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Riverview Bancorp had a positive return on equity of 3.12% and a negative net margin of 5.87%.The business had revenue of $15.01 million for the quarter, compared to the consensus estimate of $14.80 million. As a group, equities research analysts expect that Riverview Bancorp will post 0.28 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Thursday, July 9th were issued a dividend of $0.02 per share. The ex-dividend date was Thursday, July 9th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. Riverview Bancorp’s payout ratio is -42.11%.

Insider Buying and Selling at Riverview Bancorp

In other news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $5.25, for a total value of $26,250.00. Following the sale, the insider owned 89,388 shares in the company, valued at approximately $469,287. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased 4,426 shares of company stock valued at $23,264 over the last three months. 3.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Riverview Bancorp

Several large investors have recently bought and sold shares of RVSB. Nierenberg Investment Management Company LLC bought a new stake in Riverview Bancorp in the 2nd quarter valued at $11,037,968,000. Dimensional Fund Advisors LP increased its holdings in shares of Riverview Bancorp by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock worth $7,349,000 after purchasing an additional 15,745 shares during the period. BlackRock Inc. bought a new position in shares of Riverview Bancorp during the 2nd quarter worth about $7,042,000. The Manufacturers Life Insurance Company acquired a new position in shares of Riverview Bancorp during the second quarter valued at about $5,767,000. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of Riverview Bancorp by 3.5% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 723,684 shares of the savings and loans company’s stock valued at $3,633,000 after buying an additional 24,178 shares during the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.