Recent exceptional positive changes in investment behavior have benefitted Riverview Bancorp Inc (NASDAQ: RVSB): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Riverview Bancorp Inc (NASDAQ: RVSB) has benefited from meaningful positive changes in fundamentals: 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 (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Riverview Bancorp has a slightly negative Appreciation Score of 37 but a good Power Rating of 81, producing the High Neutral Value Trend Rating.
Recent Price Action
Riverview Bancorp Inc (NASDAQ: RVSB) stock declined modestly by -1.6% on 1/3/24. The stock closed at $6.30. However, below average trading volume at 74% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.0% during the last week.
Be the first to comment