Wunderlich Securities Reiterates Buy And Increases PT To $4 On Riverview Bancorp (RVSB)

Wunderlich Securities reiterated its Buy rating on Riverview Bancorp RVSB after increasing its price target from $3.50 to $4.00. In a research report published today, Wunderlich described a very positive outlook on Riverview. In the report, Wunderlich states, "RVSB's credit recovery story remains intact as NPLs declined 27% sequentially and 66% yr./yr. to the lowest level in 13 quarters. Management stated that new inflows of problems loans have slowed, and loan demand is beginning to pick up. Thus, we believe that Riverview Bancorp will continue to benefit from ongoing improvements in overall asset quality, facilitating a trend of improvedprofitability over the next few years." On Thursday, Riverview's shares closed the day at $3.00.