Weiss Ratings Reiterates “Hold (C)” Rating for Riverview Bancorp (NASDAQ:RVSB)

Riverview Bancorp (NASDAQ:RVSB)‘s stock had its “hold (c)” rating reissued by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Riverview Bancorp Stock Performance

Shares of RVSB opened at $5.30 on Wednesday. The firm has a 50-day moving average price of $5.06 and a 200 day moving average price of $5.49. The firm has a market capitalization of $111.04 million, a PE ratio of 22.08 and a beta of 0.61. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.81. Riverview Bancorp has a 52-week low of $4.45 and a 52-week high of $6.59.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Tuesday, July 29th. The savings and loans company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $13.27 million during the quarter, compared to analyst estimates of $13.30 million. Riverview Bancorp had a net margin of 6.95% and a return on equity of 3.22%. On average, sell-side analysts anticipate that Riverview Bancorp will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bridgeway Capital Management LLC boosted its holdings in shares of Riverview Bancorp by 4.0% in the second quarter. Bridgeway Capital Management LLC now owns 258,167 shares of the savings and loans company’s stock worth $1,420,000 after buying an additional 9,867 shares during the period. Bank of America Corp DE boosted its holdings in shares of Riverview Bancorp by 9.4% in the second quarter. Bank of America Corp DE now owns 87,449 shares of the savings and loans company’s stock worth $481,000 after buying an additional 7,539 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Riverview Bancorp in the second quarter worth about $34,000. Occudo Quantitative Strategies LP acquired a new position in shares of Riverview Bancorp in the second quarter worth about $88,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Riverview Bancorp in the second quarter worth about $61,000. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.