The stock of Riverview Bancorp, Inc. (NASDAQ:RVSB) hit a new 52-week high and has $6.39 target or 5.00% above today’s $6.09 share price. The 8 months bullish chart indicates low risk for the $136.84M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $6.39 price target is reached, the company will be worth $6.84M 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 27,435 shares traded hands. Riverview Bancorp, Inc. (NASDAQ:RVSB) has risen 32.89% since April 26, 2016 and is uptrending. It has outperformed by 27.63% the S&P500.
Analysts await Riverview Bancorp, Inc. (NASDAQ:RVSB) to report earnings on January, 26. They expect $0.08 earnings per share, 0.00% or $0.00 from last year’s $0.08 per share. RVSB’s profit will be $1.80 million for 19.03 P/E if the $0.08 EPS becomes a reality. After $0.07 actual earnings per share reported by Riverview Bancorp, Inc. for the previous quarter, Wall Street now forecasts 14.29% 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 increased to 3.38 in Q2 2016. Its up 2.60, from 0.78 in 2016Q1. The ratio increased, 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.
The New York-based Renaissance Tech Ltd Liability has invested 0% in Riverview Bancorp, Inc. (NASDAQ:RVSB). Moreover, Bank & Trust Of Mellon has 0% invested in Riverview Bancorp, Inc. (NASDAQ:RVSB) for 22,762 shares. Banc Funds Co Limited Liability Corporation holds 944,564 shares or 0.26% of its portfolio. Ladenburg Thalmann Fin holds 50,145 shares or 0% of its portfolio. Bridgeway Capital Mngmt holds 297,484 shares or 0.02% of its portfolio. Continental Advsrs Limited Com owns 306,532 shares or 0.45% of their US portfolio. Bancorporation Of America Corporation De has 1 shares for 0% of their US portfolio. The California-based California Public Employees Retirement Sys has invested 0% in Riverview Bancorp, Inc. (NASDAQ:RVSB). Spark Inv Mngmt Ltd Liability Com last reported 11,000 shares in the company. Blackrock Fund has invested 0% of its portfolio in Riverview Bancorp, Inc. (NASDAQ:RVSB). The Florida-based Zpr Investment Management has invested 0.12% in Riverview Bancorp, Inc. (NASDAQ:RVSB). Geode Mngmt Ltd Co has invested 0% of its portfolio in Riverview Bancorp, Inc. (NASDAQ:RVSB). Maltese Mgmt Lc last reported 0.38% of its portfolio in the stock. The New Jersey-based Blackrock Investment Mgmt Llc has invested 0% in Riverview Bancorp, Inc. (NASDAQ:RVSB). Wells Fargo Co Mn holds 0% or 761 shares in its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 1 buy, and 0 insider sales for $10,814 net activity. NIES GERALD LEE had bought 1,959 shares worth $9,188 on Tuesday, May 31. $10,814 worth of shares were bought by Wills Bessie Ross on Thursday, November 10.
More important recent Riverview Bancorp, Inc. (NASDAQ:RVSB) news were published by: Marketwatch.com which released: “Riverview Bancorp upgraded to outperform from market perform at Raymond James” on December 22, 2009, also Seekingalpha.com published article titled: “Riverview Community Bank acquires MBank”, Columbian.com published: “Riverview Bancorp notches $1.7 million second quarter” on October 28, 2016. More interesting news about Riverview Bancorp, Inc. (NASDAQ:RVSB) was released by: Investorplace.com and their article: “11 Thrifts & Mortgage Finance Stocks to Buy Now” with publication date: November 29, 2016.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.