Riverview Bancorp Inc (NASDAQ: RVSB) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and its longer term price trend turned up.
Important positive changes in fundamentals have recently occurred for Riverview Bancorp Inc (NASDAQ: RVSB): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
RVSB is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Riverview Bancorp has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Riverview Bancorp has a slightly negative Appreciation Score of 36 but a good Power Rating of 79, leading to the Neutral Value Trend Rating.
Recent Price Action
On 12/19/23, Riverview Bancorp Inc (NASDAQ: RVSB) stock was unchanged 0.0%, closing at $6.40. Trading volume in this flat performance was normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -0.8% during the last week.
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