Raymond James Upgrades Riverview Bancorp to Outperform

Brokerage firm Raymond James Upgrades its rating on Riverview Bancorp(NASDAQ:RVSB). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Raymond James was issued on Sep 30, 2016.

Riverview Bancorp (RVSB) shares turned negative on Tuesdays trading session with the shares closing down -0.1 points or -1.83% at a volume of 20,803. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.52. The peak price level was also seen at $5.52 while the days lowest was $5.3. Finally the shares closed at $5.37. The 52-week high of the shares is $5.53 while the 52-week low is $4.15. According to the latest information available, the market cap of the company is $121 M.

Riverview Bancorp(RVSB) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $10.34M. Analysts had an estimated revenue of $9.90M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.07.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, David Nierenberg (director) purchased 14,328 shares at $4.68 per share price.Also, On Jun 2, 2016, Gerald Lee Nies (director) purchased 1,959 shares at $4.69 per share price.On Sep 29, 2015, Gary R Douglass (director) sold 16,056 shares at $4.40 per share price, according to the Form-4 filing with the securities and exchange commission.

Riverview Bancorp Inc. (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Bank is engaged primarily in the business of attracting deposits from the general public and using such funds together with other borrowings to invest in various commercial business commercial real estate multi-family real estate real estate construction residential real estate and consumer loans. The Company considers Clark Cowlitz Klickitat and Skamania counties of Washington and Multnomah and Marion counties of Oregon as its primary market area. The Company conducts operations from its home office in Vancouver and around 17 branch offices located in Camas Washougal Stevenson White Salmon Battle Ground Goldendale Vancouver (seven branch offices) and Longview Washington and Portland Gresham and Aumsville Oregon. The Bank also operates a lending office for mortgage banking activities in Vancouver.

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