Riverview Bancorp (NASDAQ:RVSB) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Riverview Bancorp (NASDAQ:RVSB) from a sell rating to a hold rating in a report issued on Saturday.

Separately, Weiss Ratings downgraded Riverview Bancorp from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Riverview Bancorp Stock Performance

NASDAQ RVSB opened at $5.14 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.94. Riverview Bancorp has a 1 year low of $4.74 and a 1 year high of $6.22. The company has a market capitalization of $102.54 million, a PE ratio of -27.05 and a beta of 0.49. The company has a fifty day moving average of $5.37 and a two-hundred day moving average of $5.42.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. Riverview Bancorp had a positive return on equity of 3.12% and a negative net margin of 5.87%.The company had revenue of $15.01 million for the quarter, compared to analyst estimates of $14.80 million. As a group, analysts expect that Riverview Bancorp will post 0.28 earnings per share for the current year.

Riverview Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Thursday, July 9th were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, July 9th. This represents a $0.08 dividend on an annualized basis and a yield of 1.6%. Riverview Bancorp’s dividend payout ratio is currently -42.11%.

Insider Transactions at Riverview Bancorp

In other Riverview Bancorp news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $5.25, for a total transaction of $26,250.00. Following the transaction, the insider directly owned 89,388 shares of the company’s stock, valued at approximately $469,287. This trade represents a 5.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have acquired 4,426 shares of company stock worth $23,264. Company insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On Riverview Bancorp

Several hedge funds have recently made changes to their positions in RVSB. Nierenberg Investment Management Company LLC purchased a new position in shares of Riverview Bancorp during the second quarter worth about $11,037,968,000. Dimensional Fund Advisors LP raised its stake in Riverview Bancorp by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,336,020 shares of the savings and loans company’s stock valued at $7,349,000 after acquiring an additional 15,745 shares during the last quarter. Hsbc Holdings PLC raised its stake in Riverview Bancorp by 124.9% during the 1st quarter. Hsbc Holdings PLC now owns 36,101 shares of the savings and loans company’s stock valued at $201,000 after acquiring an additional 20,052 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Riverview Bancorp by 122.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,392 shares of the savings and loans company’s stock valued at $34,000 after acquiring an additional 3,524 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in Riverview Bancorp during the 2nd quarter worth approximately $643,000. Institutional investors and hedge funds own 69.60% of the company’s stock.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc (NASDAQ: RVSB) is the bank holding company for Riverview Bank, a community-oriented financial institution headquartered in Pittsburgh, Pennsylvania. Through its subsidiary, the company provides a comprehensive suite of personal and commercial banking services designed to meet the needs of individuals, small businesses and local organizations.

The company’s deposit offerings include checking and savings accounts, certificates of deposit and money market accounts, all supported by online and mobile banking platforms.