ValuEngine Downgrades Riverview Bancorp (RVSB) to Hold

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.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, October 26th. The savings and loans company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Riverview Bancorp had a net margin of 18.90% and a return on equity of 8.63%. The business had revenue of $13.44 million during the quarter, compared to the consensus estimate of $13.10 million. equities research analysts expect that Riverview Bancorp will post 0.57 EPS for the current fiscal year.

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.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://weekherald.com/2018/01/15/valuengine-downgrades-riverview-bancorp-rvsb-to-hold.html.

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).

Receive News & Ratings for Riverview Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply