The stock of Riverview Bancorp, Inc. (NASDAQ:RVSB) hit a new 52-week high and has $9.05 target or 67.00% above today’s $5.42 share price. The 9 months bullish chart indicates low risk for the $124.07M company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $9.05 price target is reached, the company will be worth $83.13 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 19,237 shares traded hands. Riverview Bancorp, Inc. (NASDAQ:RVSB) has risen 26.29% since February 29, 2016 and is uptrending. It has outperformed by 14.08% the S&P500.
Analysts await Riverview Bancorp, Inc. (NASDAQ:RVSB) to report earnings on November, 3. They expect $0.07 EPS, 0.00% or $0.00 from last year’s $0.07 per share. RVSB’s profit will be $1.60 million for 19.36 P/E if the $0.07 EPS becomes a reality. After $0.08 actual EPS reported by Riverview Bancorp, Inc. for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.
According to Zacks Investment Research, “Riverview Bancorp, Inc. is a holding company for Riverview Savings Bank. The bank is a community oriented financial institution offering traditional financial services to the residents of its primary market area. The bank is engaged in the business of attracting deposits from the public and using such funds to originate fixed-rate mortgage loans and adjustable rate mortgage loans secured by one- to- four family residential real estate located in its primary market area. The bank is an active originator of residential construction loans and consumer loans.”
Insitutional Activity: The institutional sentiment decreased to 0.78 in Q2 2016. Its down 0.15, from 0.93 in 2016Q1. The ratio fall, as 5 funds sold all Riverview Bancorp, Inc. shares owned while 13 reduced positions. 5 funds bought stakes while 9 increased positions. They now own 11.55 million shares or 0.55% less from 11.61 million shares in 2016Q1.
Spark Investment Mngmt Limited Company last reported 11,000 shares in the company. Nationwide Fund Advsrs last reported 5,811 shares in the company. Elizabeth Park Capital reported 614,815 shares or 1.24% of all its holdings. Axa, a France-based fund reported 5,600 shares. Jacobs Asset Mgmt Lc holds 0.69% or 488,696 shares in its portfolio. Banc Funds Communications Ltd Liability Co accumulated 0.26% or 944,564 shares. State Bank Of America Corporation De holds 1 shares or 0% of its portfolio. Creative Planning has 11,185 shares for 0% of their US portfolio. State Street Corporation, a Massachusetts-based fund reported 11,435 shares. Renaissance Technologies Limited Company holds 0% of its portfolio in Riverview Bancorp, Inc. (NASDAQ:RVSB) for 10,600 shares. Ladenburg Thalmann Service has 0% invested in the company for 50,145 shares. Fincl Bank Of New York Mellon last reported 0% of its portfolio in the stock. Thompson Davis, a Virginia-based fund reported 20 shares. Tower Research Cap Ltd (Trc), a New York-based fund reported 697 shares. Deutsche Bancorp Ag holds 0% or 10,600 shares in its portfolio.
Insider Transactions: Since May 16, 2016, the stock had 5 buys, and 0 insider sales for $257,386 net activity. $26,772 worth of Riverview Bancorp, Inc. (NASDAQ:RVSB) was bought by NIES GERALD LEE on Monday, May 16. Another trade for 26,256 shares valued at $122,698 was made by Nierenberg David on Thursday, May 19.
More notable recent Riverview Bancorp, Inc. (NASDAQ:RVSB) news were published by: Globenewswire.com which released: “Riverview Community Bank and MBank Announce Signing of a Purchase and …” on September 29, 2016, also Marketwatch.com with their article: “Riverview Bancorp upgraded to outperform from market perform at Raymond James” published on December 22, 2009, Twst.com published: “Riverview Bancorp Inc.: Riverview Community Bank and MBank Announce Signing of …” on September 29, 2016. More interesting news about Riverview Bancorp, Inc. (NASDAQ:RVSB) were released by: Globenewswire.com and their article: “Riverview Bancorp, Inc. Announces New Director” published on August 28, 2015 as well as Columbian.com‘s news article titled: “Former Riverview Bancorp worker files $1.4M suit” with publication date: December 13, 2012.
RVSB Company Profile
Riverview Bancorp, Inc. (Riverview), incorporated on June 23, 1997, is a savings and loan holding firm of Riverview Community Bank (the Bank). The Firm operates through two divisions, which include banking activities performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp). The Firm is engaged in the business of attracting deposits from the general public and using such funds in its primary market area to originate commercial business, commercial real estate, multi-family real estate, land, real estate construction, residential real estate and other consumer loans. Additionally, RAMCorp offers trust and investment services.
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