Riverview Bancorp (RVSB) Upgraded at ValuEngine
Riverview Bancorp (NASDAQ:RVSB) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday.
Separately, Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday.
Shares of Riverview Bancorp (NASDAQ RVSB) opened at $9.43 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.25. Riverview Bancorp has a 12 month low of $6.46 and a 12 month high of $9.54. The company has a market capitalization of $207.76, a PE ratio of 20.95 and a beta of 0.51.
In related news, Director Gerald Lee Nies sold 30,778 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $8.58, for a total transaction of $264,075.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Richard S. Michalek sold 12,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $8.77, for a total value of $105,240.00. Following the sale, the executive vice president now directly owns 14,477 shares in the company, valued at $126,963.29. The disclosure for this sale can be found here. Company insiders own 7.41% of the company’s stock.
A number of institutional investors have recently bought and sold shares of RVSB. Vanguard Group Inc. grew its holdings in Riverview Bancorp by 158.7% during the second quarter. Vanguard Group Inc. now owns 649,982 shares of the savings and loans company’s stock worth $4,316,000 after acquiring an additional 398,692 shares during the period. Banc Funds Co. LLC grew its holdings in Riverview Bancorp by 44.5% during the second quarter. Banc Funds Co. LLC now owns 746,574 shares of the savings and loans company’s stock worth $4,957,000 after acquiring an additional 230,000 shares during the period. State Street Corp grew its holdings in Riverview Bancorp by 1,923.2% during the second quarter. State Street Corp now owns 231,349 shares of the savings and loans company’s stock worth $1,535,000 after acquiring an additional 219,914 shares during the period. Northern Trust Corp grew its holdings in Riverview Bancorp by 323.1% during the second quarter. Northern Trust Corp now owns 215,829 shares of the savings and loans company’s stock worth $1,433,000 after acquiring an additional 164,823 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Riverview Bancorp by 222.2% in the first quarter. Geode Capital Management LLC now owns 169,305 shares of the savings and loans company’s stock valued at $1,210,000 after purchasing an additional 116,756 shares during the period. 58.71% of the stock is currently owned by hedge funds and other institutional investors.
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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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