Riverview Bancorp (NASDAQ:RVSB – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.
Separately, Weiss Ratings lowered Riverview Bancorp from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.
View Our Latest Report on RVSB
Riverview Bancorp Stock Performance
Riverview Bancorp (NASDAQ:RVSB – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The savings and loans company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). Riverview Bancorp had a negative net margin of 6.70% and a positive return on equity of 2.74%. The firm had revenue of $13.50 million during the quarter, compared to analyst estimates of $14.10 million. As a group, sell-side analysts anticipate that Riverview Bancorp will post 0.32 earnings per share for the current year.
Hedge Funds Weigh In On Riverview Bancorp
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Riverview Bancorp by 539.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 574,723 shares of the savings and loans company’s stock worth $3,161,000 after acquiring an additional 484,804 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Riverview Bancorp by 110.2% during the second quarter. Geode Capital Management LLC now owns 460,461 shares of the savings and loans company’s stock valued at $2,533,000 after purchasing an additional 241,368 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Riverview Bancorp in the second quarter valued at approximately $913,000. Two Sigma Investments LP increased its stake in shares of Riverview Bancorp by 719.8% in the 3rd quarter. Two Sigma Investments LP now owns 82,440 shares of the savings and loans company’s stock valued at $443,000 after buying an additional 72,384 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Riverview Bancorp by 109.0% in the 1st quarter. Sei Investments Co. now owns 127,602 shares of the savings and loans company’s stock valued at $702,000 after buying an additional 66,552 shares during the period. 69.60% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than Riverview Bancorp
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Receive News & Ratings for Riverview Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
