Riverview Bancorp, Inc. (NASDAQ:RVSB) has earned a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.
Brokers have set a one year consensus target price of $10.50 for the company and are forecasting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also assigned Riverview Bancorp an industry rank of 35 out of 265 based on the ratings given to its competitors.
RVSB has been the topic of a number of analyst reports. Zacks Investment Research raised Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Thursday, November 2nd. ValuEngine raised Riverview Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, October 27th.
Several institutional investors and hedge funds have recently bought and sold shares of RVSB. Schwab Charles Investment Management Inc. acquired a new stake in shares of Riverview Bancorp during the second quarter valued at $216,000. Bank of New York Mellon Corp boosted its stake in Riverview Bancorp by 129.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 92,919 shares of the savings and loans company’s stock worth $617,000 after buying an additional 52,367 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Riverview Bancorp by 134.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 78,292 shares of the savings and loans company’s stock worth $520,000 after buying an additional 44,875 shares during the last quarter. Teachers Advisors LLC acquired a new stake in Riverview Bancorp in the 2nd quarter worth about $226,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in Riverview Bancorp in the 2nd quarter worth about $319,000. 59.22% of the stock is currently owned by institutional investors and hedge funds.
Riverview Bancorp (NASDAQ:RVSB) traded up $0.11 on Monday, hitting $9.31. The company had a trading volume of 27,800 shares, compared to its average volume of 60,864. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $210.12, a price-to-earnings ratio of 22.17 and a beta of 0.35. Riverview Bancorp has a fifty-two week low of $6.46 and a fifty-two week high of $9.67.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Monday, January 8th were paid a dividend of $0.03 per share. The ex-dividend date was Friday, January 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.29%. This is a positive change from Riverview Bancorp’s previous quarterly dividend of $0.02. Riverview Bancorp’s dividend payout ratio (DPR) is presently 28.57%.
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Riverview Bancorp Company Profile
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
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