Riverview Bancorp (RVSB) Reaches New 52-Week Low at $6.71

Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $6.71 and last traded at $7.32, with a volume of 1309 shares changing hands. The stock had previously closed at $7.58.

Several research firms recently issued reports on RVSB. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research note on Wednesday, November 7th. ValuEngine upgraded Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 29th.

The stock has a market cap of $170.85 million, a price-to-earnings ratio of 13.94 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24.

Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Thursday, October 25th. The savings and loans company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $14.62 million during the quarter, compared to the consensus estimate of $14.20 million. Riverview Bancorp had a return on equity of 12.61% and a net margin of 22.54%. As a group, equities analysts expect that Riverview Bancorp, Inc. will post 0.75 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Riverview Bancorp by 12.4% during the 2nd quarter. BlackRock Inc. now owns 2,447,476 shares of the savings and loans company’s stock valued at $20,656,000 after acquiring an additional 269,533 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Riverview Bancorp by 3.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,654,765 shares of the savings and loans company’s stock valued at $14,628,000 after acquiring an additional 53,605 shares during the period. Renaissance Technologies LLC lifted its position in shares of Riverview Bancorp by 9.0% during the 3rd quarter. Renaissance Technologies LLC now owns 399,207 shares of the savings and loans company’s stock valued at $3,529,000 after acquiring an additional 32,807 shares during the period. Pacific Ridge Capital Partners LLC bought a new stake in shares of Riverview Bancorp during the 3rd quarter valued at $2,354,000. Finally, Bank of America Corp DE lifted its position in shares of Riverview Bancorp by 19.0% during the 2nd quarter. Bank of America Corp DE now owns 248,578 shares of the savings and loans company’s stock valued at $2,097,000 after acquiring an additional 39,651 shares during the period. Hedge funds and other institutional investors own 60.80% of the company’s stock.

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Riverview Bancorp Company Profile (NASDAQ:RVSB)

Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and 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.

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