Notable Runner: What’s in Riverview Bancorp, Inc. After Touching 52-Week High?

Notable Runner: What's in Riverview Bancorp, Inc. After Touching 52 Week High?

The stock of Riverview Bancorp, Inc. (NASDAQ:RVSB) hit a new 52-week high and has $8.12 target or 41.00% above today’s $5.76 share price. The 6 months bullish chart indicates low risk for the $130.89 million company. The 1-year high was reported on Nov, 21 by If the $8.12 price target is reached, the company will be worth $53.66 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 15,242 shares traded hands. Riverview Bancorp, Inc. (NASDAQ:RVSB) has risen 28.67% since April 19, 2016 and is uptrending. It has outperformed by 24.81% the S&P500.

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 improved, 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.
Badgley Phelps Bell holds 0.01% of its portfolio in Riverview Bancorp, Inc. (NASDAQ:RVSB) for 32,230 shares. Renaissance Tech Ltd Llc last reported 10,600 shares in the company. Banc Funds Limited Liability Company holds 0.26% or 944,564 shares in its portfolio. Pl Cap Advsrs Llc owns 715,630 shares or 1.15% of their US portfolio. Thompson Davis accumulated 0% or 20 shares. Ancora Advsr Limited owns 1.96 million shares or 1.08% of their US portfolio. Nationwide Fund Advisors has 5,811 shares for 0% of their US portfolio. Jacobs Asset Management Ltd Company holds 0.69% or 488,696 shares in its portfolio. Basswood Capital Mgmt Ltd owns 1.19 million shares or 0.32% of their US portfolio. Northern, a Illinois-based fund reported 28,800 shares. Bridgeway Capital Mgmt accumulated 0.02% or 297,484 shares. State Bank Of Ny Mellon holds 0% of its portfolio in Riverview Bancorp, Inc. (NASDAQ:RVSB) for 22,762 shares. Elizabeth Park Capital owns 614,815 shares or 1.24% of their US portfolio. Acadian Asset Mngmt Ltd Com owns 7,409 shares or 0% of their US portfolio. Cambridge Investment Research Advsrs Inc accumulated 32,720 shares or 0% of the stock.

Insider Transactions: Since May 24, 2016, the stock had 2 buys, and 0 sales for $20,002 net activity. $9,188 worth of Riverview Bancorp, Inc. (NASDAQ:RVSB) shares were bought by NIES GERALD LEE. Nierenberg David bought $88,586 worth of stock. $10,814 worth of Riverview Bancorp, Inc. (NASDAQ:RVSB) was bought by Wills Bessie Ross.

More news for Riverview Bancorp, Inc. (NASDAQ:RVSB) were recently published by:, which released: “Riverview Bancorp upgraded to outperform from market perform at Raymond James” on December 22, 2009.‘s article titled: “Riverview Community Bank acquires MBank” and published on September 29, 2016 is yet another important article.

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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