Riverview Bancorp (NASDAQ:RVSB) Stock Rating Lowered by Wall Street Zen

Riverview Bancorp (NASDAQ:RVSB) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings upgraded Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Riverview Bancorp has a consensus rating of “Reduce”.

Riverview Bancorp Stock Performance

Shares of NASDAQ RVSB opened at $5.30 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50 day moving average price is $5.50 and its 200-day moving average price is $5.41. Riverview Bancorp has a fifty-two week low of $4.74 and a fifty-two week high of $6.22. The company has a market cap of $106.85 million, a price-to-earnings ratio of -27.89 and a beta of 0.49.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Tuesday, July 28th. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Riverview Bancorp had a positive return on equity of 3.06% and a negative net margin of 5.87%.The company had revenue of $15.01 million during the quarter, compared to analysts’ expectations of $14.80 million. On average, sell-side analysts expect that Riverview Bancorp will post 0.28 earnings per share for the current year.

Insider Buying and Selling

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 stock was 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 in the company, valued at $469,287. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders acquired 3,896 shares of company stock worth $20,862. Company insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On Riverview Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Daytona Street Capital LLC purchased a new position in shares of Riverview Bancorp during the fourth quarter valued at $30,000. Raymond James Financial Inc. purchased a new stake in Riverview Bancorp in the second quarter worth about $34,000. BNP Paribas Financial Markets grew its holdings 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 worth $34,000 after acquiring an additional 3,524 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Riverview Bancorp during the 2nd quarter worth about $53,000. Finally, Intech Investment Management LLC bought a new position in Riverview Bancorp during the 3rd quarter worth about $55,000. Institutional investors own 69.60% of the company’s stock.

About Riverview Bancorp

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.