Riverview Bancorp (NASDAQ:RVSB) Cut to Strong Sell at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Riverview Bancorp (NASDAQ:RVSB – Free Report) from a hold rating to a strong sell rating in a report published on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Riverview Bancorp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Riverview Bancorp currently has a consensus rating of “Hold” and an average price target of $7.00.

Read Our Latest Research Report on RVSB

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB opened at $5.20 on Friday. The company’s fifty day moving average price is $5.13 and its 200 day moving average price is $5.41. Riverview Bancorp has a 12 month low of $4.62 and a 12 month high of $6.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $108.93 million, a P/E ratio of 23.64 and a beta of 0.61.

Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The savings and loans company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Riverview Bancorp had a return on equity of 2.94% and a net margin of 6.30%.The company had revenue of $13.62 million for the quarter, compared to analyst estimates of $13.60 million. As a group, sell-side analysts predict that Riverview Bancorp will post 0.2 earnings per share for the current fiscal year.

Riverview Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Thursday, October 9th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $0.08 annualized dividend and a dividend yield of 1.5%. Riverview Bancorp’s payout ratio is presently 36.36%.

Institutional Trading of Riverview Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio boosted its holdings in shares of Riverview Bancorp by 9.5% in the third quarter. Strs Ohio now owns 97,600 shares of the savings and loans company’s stock valued at $524,000 after acquiring an additional 8,500 shares in the last quarter. Bailard Inc. purchased a new stake in shares of Riverview Bancorp in the third quarter valued at about $66,000. Baker Ellis Asset Management LLC purchased a new stake in Riverview Bancorp during the third quarter worth about $81,000. CWM LLC purchased a new stake in Riverview Bancorp during the third quarter worth about $30,000. Finally, Bridgeway Capital Management LLC boosted its holdings in Riverview Bancorp by 4.0% during 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 in the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Riverview Bancorp Company Profile

(Get Free Report)

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.

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