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.
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.
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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