Riverview Bancorp price target raised to $7 from $6.25 at Raymond James

Raymond James analyst David Feaster raised the firm’s price target on Riverview Bancorp (RVSB) to $7 from $6.25 and keeps an Outperform rating on the shares. Riverview Bancorp’s Q4 results demonstrate the progress management has made to accelerate growth, the analyst tells investors in a research note. The firm modestly increased estimates and continues to view risk-reward favorably, considering the bank’s attractive valuation, accelerating loan growth, positive operating leverage, strong asset quality, and capital deployment potential.