Riverview Bancorp (NASDAQ:RVSB) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Riverview Bancorp (NASDAQ:RVSB) from a sell rating to a hold rating in a research note published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Riverview Bancorp in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Riverview Bancorp presently has an average rating of “Moderate Buy” and an average price target of $7.00.

Riverview Bancorp Price Performance

Shares of NASDAQ:RVSB opened at $5.05 on Friday. The company’s fifty day moving average is $5.07 and its two-hundred day moving average is $5.48. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.81. Riverview Bancorp has a 12-month low of $4.45 and a 12-month high of $6.59. The company has a market cap of $105.80 million, a P/E ratio of 21.04 and a beta of 0.61.

Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Tuesday, July 29th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Riverview Bancorp had a net margin of 6.95% and a return on equity of 3.22%. The company had revenue of $13.27 million for the quarter, compared to the consensus estimate of $13.30 million. Equities analysts expect that Riverview Bancorp will post 0.2 earnings per share for the current fiscal year.

Riverview Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Thursday, October 9th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, October 9th. Riverview Bancorp’s dividend payout ratio (DPR) is presently 33.33%.

Institutional Investors Weigh In On Riverview Bancorp

Several hedge funds have recently made changes to their positions in RVSB. Columbia River Financial Group LLC bought a new stake in shares of Riverview Bancorp in the first quarter valued at about $31,000. Pacific Ridge Capital Partners LLC increased its holdings in shares of Riverview Bancorp by 17.0% during the first quarter. Pacific Ridge Capital Partners LLC now owns 761,908 shares of the savings and loans company’s stock worth $4,305,000 after buying an additional 110,466 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Riverview Bancorp by 7.4% in the first quarter. Empowered Funds LLC now owns 101,394 shares of the savings and loans company’s stock valued at $573,000 after purchasing an additional 6,988 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Riverview Bancorp by 204.1% in the first quarter. Jane Street Group LLC now owns 46,318 shares of the savings and loans company’s stock valued at $262,000 after purchasing an additional 31,085 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in shares of Riverview Bancorp in the second quarter valued at approximately $126,000. Institutional investors own 69.60% of the company’s stock.

About Riverview Bancorp

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.