Trade Report: Today, Deprince Race & Zollo Inc. Buys New Position in Riverview Bancorp Inc. (RVSB)

Today, Deprince Race & Zollo Inc. Buys New Position in Riverview Bancorp Inc. (RVSB)

Deprince Race & Zollo Inc. bought a new position in shares of Riverview Bancorp Inc. (NASDAQ:RVSB) during the third quarter, Holdings Channel reports. The firm bought 258,492 shares of the company’s stock, valued at approximately $1,391,000.

A number of other hedge funds have also recently modified their holdings of the stock. PL Capital Advisors LLC purchased a new stake in shares of Riverview Bancorp during the second quarter worth approximately $3,385,000. RMB Capital Management LLC purchased a new stake in shares of Riverview Bancorp during the third quarter worth approximately $753,000. MAI Capital Management purchased a new stake in shares of Riverview Bancorp during the third quarter worth approximately $193,000. Alliancebernstein L.P. raised its stake in shares of Riverview Bancorp by 7.9% in the second quarter. Alliancebernstein L.P. now owns 468,203 shares of the company’s stock worth $2,215,000 after buying an additional 34,270 shares during the last quarter. Finally, Maltese Capital Management LLC raised its stake in shares of Riverview Bancorp by 2.1% in the second quarter. Maltese Capital Management LLC now owns 643,700 shares of the company’s stock worth $3,045,000 after buying an additional 13,300 shares during the last quarter. 51.43% of the stock is owned by institutional investors and hedge funds.

Shares of Riverview Bancorp Inc. (NASDAQ:RVSB) traded down 0.17% during mid-day trading on Monday, reaching $5.98. Riverview Bancorp Inc. has a 1-year low of $4.15 and a 1-year high of $6.00. The stock has a 50-day moving average price of $5.58 and a 200-day moving average price of $5.10. The company has a market capitalization of $134.39 million, a P/E ratio of 20.69 and a beta of 0.48.

A number of analysts have commented on the company. Raymond James Financial Inc. raised Riverview Bancorp from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a report on Friday, September 30th. Zacks Investment Research raised Riverview Bancorp from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Wednesday, October 5th.

About Riverview Bancorp

Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).

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