Riverview Bancorp (NASDAQ:RVSB) receives new coverage from StockNews.com analysts

StockNews.com began to cover the shares of Riverview Bancorp (NASDAQ: RVSB – Get a rating) in a research report delivered Friday to clients and investors. The company has set a “buy” rating on the shares of the savings and loan company.

Separately, Zacks Investment Research downgraded shares of Riverview Bancorp from a “hold” rating to a “strong sell” rating in a Thursday, Feb. 3 research note.

Shares of RVSB opened at $7.63 on Friday. Riverview Bancorp has a 1-year low of $6.44 and a 1-year high of $8.22. The stock has a market capitalization of $169.21 million, a PE ratio of 8.03 and a beta of 0.78. The company has a debt ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a 50-day simple moving average of $7.67 and a 200-day simple moving average of $7.57.

Riverview Bancorp (NASDAQ: RVSB – Get a rating) last reported results on Thursday, January 27. The savings and loan company reported earnings per share of $0.25 for the quarter. Riverview Bancorp had a net margin of 34.09% and a return on equity of 13.37%. The company had revenue of $15.18 million for the quarter. Analysts predict that Riverview Bancorp will post EPS of 0.95 for the current year.

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Hedge funds and other institutional investors have recently changed their positions in the company. Two Sigma Investments LP purchased a new stake in Riverview Bancorp during Q3 for approximately $73,000. Squarepoint Ops LLC purchased a new stake in Riverview Bancorp during Q2 for approximately $79,000. Creative Planning purchased a new stake in Riverview Bancorp during Q3 for a value of approximately $84,000. Eidelman Virant Capital bought a new equity stake in Riverview Bancorp in Q4 valued at around $93,000. Finally, UBS Group AG increased its equity stake in Riverview Bancorp by 8.8% in the third quarter. UBS Group AG now owns 16,420 shares in the savings and loan company valued at $120,000 after buying an additional 1,334 shares in the last quarter. 61.69% of the shares are held by institutional investors.

Riverview Bancorp Company Profile (Get a rating)

Riverview Bancorp, Inc operates as a holding company. It provides community banking services to small and medium-sized businesses, professionals and individuals. It offers a range of deposit products, including demand deposits, negotiable order withdrawal accounts, money market accounts, savings accounts, certificates of deposit and retirement savings plans.

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