Riverview Bancorp (RVSB) PT Raised to $6.25 at Raymond James

Raymond James analyst David Feaster raised the price target on Riverview Bancorp (NASDAQ: RVSB) to $6.25 (from $5.25) while maintaining a Outperform rating.

The analyst comments "We reiterate our Outperform rating on shares of RVSB following F3Q25 results, which showed early indications of the progress management has made to accelerate growth. To this point, this is demonstrated in its expanding loan production and improving pipeline, which has further improved since quarter-end. This is driven by both new clients and expanding with existing clients, and importantly without sacrificing underwriting at all. Furthermore, the bank has also improved its back office processes and treasury management offerings, which should support more productivity and client acquisition going forward. 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. Additionally, RVSB continues to optimize its funding base, where funding costs fell by 10 bp during the quarter despite lower NIB balances in a seasonally weaker quarter. When combining strong loan growth with significant AEA remixing/repricing, we expect solid core NIM expansion and NII/EPS growth going forward. Moreover, its strong capital base (CET1 = 15.2%) provides it with flexibility, and with shares continuing to trade below TBV we expect RVSB will remain active on its recently announced share repurchase program (we model $750,000 of buybacks per quarter through FY26). All in, we believe this quarter continues to demonstrate progress on its strategic initiatives and indicates where the bank is heading, leaving us increasingly confident in its ability to execute. That said, it will take time to return to more normalized profitability. While we are modestly reducing estimates, we continue to view risk-reward favorably, considering the bank's attractive valuation, accelerating loan growth, positive operating leverage, strong asset quality, and capital deployment potential."

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