Riverview Bancorp (NASDAQ:RVSB) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Saturday.
Separately, Zacks Investment Research raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Thursday, November 2nd.
Riverview Bancorp (NASDAQ RVSB) opened at $8.90 on Friday. Riverview Bancorp has a one year low of $6.46 and a one year high of $9.54. The firm has a market cap of $200.55, a P/E ratio of 20.23 and a beta of 0.50. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.25.
In other news, Director Gerald Lee Nies sold 30,778 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $8.58, for a total transaction of $264,075.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard S. Michalek sold 12,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $8.77, for a total transaction of $105,240.00. Following the sale, the executive vice president now owns 14,477 shares in the company, valued at approximately $126,963.29. The disclosure for this sale can be found here. 7.41% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in shares of Riverview Bancorp during the third quarter valued at approximately $113,000. First Trust Advisors LP purchased a new stake in shares of Riverview Bancorp during the third quarter valued at approximately $139,000. Russell Investments Group Ltd. grew its holdings in shares of Riverview Bancorp by 50.0% during the third quarter. Russell Investments Group Ltd. now owns 19,200 shares of the savings and loans company’s stock valued at $161,000 after buying an additional 6,400 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Riverview Bancorp during the second quarter valued at approximately $133,000. Finally, Nationwide Fund Advisors grew its holdings in shares of Riverview Bancorp by 278.8% during the second quarter. Nationwide Fund Advisors now owns 22,013 shares of the savings and loans company’s stock valued at $146,000 after buying an additional 16,202 shares during the last quarter. Hedge funds and other institutional investors own 58.71% of the company’s stock.
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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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