Riverview Bancorp (NASDAQ:RVSB – Get Free Report) was upgraded by research analysts at Raymond James Financial to a “moderate buy” rating in a research note issued on Monday, Zacks reports.
Several other research firms have also commented on RVSB. Wall Street Zen raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings upgraded Riverview Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 25th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Riverview Bancorp presently has a consensus rating of “Hold”.
Get Our Latest Analysis on Riverview Bancorp
Riverview Bancorp Stock Up 0.2%
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last posted its earnings results on Wednesday, July 29th. The savings and loans company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. Riverview Bancorp had a negative net margin of 5.87% and a positive return on equity of 3.12%. The company had revenue of $15.01 million for the quarter, compared to analyst estimates of $14.80 million.
Insider Activity
In other Riverview Bancorp news, major shareholder Nierenberg Investment Manageme sold 5,000 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 89,388 shares in the company, valued at $469,287. This represents a 5.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders acquired 13,465 shares of company stock valued at $73,401. 3.90% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nierenberg Investment Management Company LLC acquired a new stake in shares of Riverview Bancorp in the 2nd quarter valued at $11,037,968. BlackRock Inc. acquired a new stake in Riverview Bancorp during the 2nd quarter worth $7,042,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Riverview Bancorp during the second quarter worth about $5,767,000. Empowered Funds LLC purchased a new position in shares of Riverview Bancorp in the 2nd quarter valued at approximately $697,000. Finally, Susquehanna International Group LLP purchased a new position in Riverview Bancorp in the 2nd quarter valued at $661,000. 69.60% of the stock is currently owned by hedge funds and other institutional investors.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc is a bank holding company headquartered in Vancouver, Washington. Its principal subsidiary, Riverview Community Bank, provides banking services to individuals, families, businesses and nonprofit organizations.
Riverview Community Bank offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include commercial and industrial loans, commercial real estate financing, construction loans, residential mortgage loans, home equity products and consumer loans.
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