Wunderlich Securities Maintains Riverview Bancorp Rating and PT

Wunderlich Securities is maintaining its Buy rating on Riverview Bancorp, Inc. RVSB shares as well as its $3.50 price target after the company reported EPS of $0.06, “a penny ahead of our estimate and consensus.” “RVSB's long-term credit recovery story remains intact even as NPLs and provisioning levels increased modestly, while NCOs fell sequentially,” Wunderlich Securities writes. “Management stated that signs of stability are beginning to emerge and inflows of new problem loans have slowed. Thus, we continue to believe that Riverview Bancorp will benefit from ongoing improvements in overall asset quality, facilitating a trend of improved profitability over the next few years.” Riverview Bancorp, Inc. currently trades at $2.10.