Riverview Bancorp price target raised to $6.25 from $5.25 at Raymond James

Raymond James raised the firm’s price target on Riverview Bancorp (RVSB) to $6.25 from $5.25 and keeps an Outperform rating on the shares. Riverview’s Q3 results showed early indications of the progress management has made to accelerate growth, the analyst tells investors in a research note. While elevated payoffs weighed on the quarter, growth likely re-accelerates to a mid-single digit pace, which could be supplemented with potential pool purchases, the firm says.