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.
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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