Riverview Bancorp (RVSB) Downgraded by ValuEngine

Riverview Bancorp (NASDAQ:RVSB) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Zacks Investment Research downgraded shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th.

Riverview Bancorp (NASDAQ RVSB) opened at $8.90 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $197.17, a PE ratio of 20.23 and a beta of 0.50. Riverview Bancorp has a one year low of $6.46 and a one year high of $9.54.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Thursday, October 26th. The savings and loans company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The business had revenue of $13.44 million for the quarter, compared to the consensus estimate of $13.10 million. Riverview Bancorp had a net margin of 18.90% and a return on equity of 8.63%. sell-side analysts anticipate that Riverview Bancorp will post 0.47 earnings per share for the current fiscal year.

In other news, 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 transaction, the executive vice president now directly owns 14,477 shares in the company, valued at $126,963.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. 7.41% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new position in shares of Riverview Bancorp during the third quarter valued at approximately $113,000. First Trust Advisors LP bought a new position in shares of Riverview Bancorp during the third quarter valued at approximately $139,000. Russell Investments Group Ltd. boosted its stake 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 purchasing an additional 6,400 shares in the last quarter. Rhumbline Advisers bought a new position in shares of Riverview Bancorp during the second quarter valued at approximately $133,000. Finally, Nationwide Fund Advisors boosted its stake 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 purchasing an additional 16,202 shares in the last quarter. Hedge funds and other institutional investors own 58.61% 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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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