Riverview Bancorp (RVSB) was Upgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on Sep 30, 2016.
Riverview Bancorp opened for trading at $5.22 and hit $5.3 on the upside on Tuesday, eventually ending the session at $5.3, with a gain of 1.92% or 0.1 points. The heightened volatility saw the trading volume jump to 2,514 shares. Company has a market cap of $119 M.
In a different news, on Jun 13, 2016, David Nierenberg (director) purchased 14,328 shares at $4.68 per share price. According to the SEC, 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.