Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) have received a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation.
Analysts have set a 12-month consensus price target of $10.00 for the company and are expecting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned Riverview Bancorp an industry rank of 101 out of 255 based on the ratings given to related companies.
Several research analysts have commented on RVSB shares. Zacks Investment Research raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Friday, August 3rd. ValuEngine downgraded shares of Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Riverview Bancorp by 12.4% during the 2nd quarter. BlackRock Inc. now owns 2,447,476 shares of the savings and loans company’s stock worth $20,656,000 after acquiring an additional 269,533 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Riverview Bancorp by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,601,160 shares of the savings and loans company’s stock worth $13,514,000 after acquiring an additional 80,615 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Riverview Bancorp by 32.3% during the 2nd quarter. Renaissance Technologies LLC now owns 366,400 shares of the savings and loans company’s stock worth $3,092,000 after acquiring an additional 89,400 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Riverview Bancorp by 19.0% during the 2nd quarter. Bank of America Corp DE now owns 248,578 shares of the savings and loans company’s stock worth $2,097,000 after acquiring an additional 39,651 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Riverview Bancorp by 4.9% during the 2nd quarter. Northern Trust Corp now owns 231,998 shares of the savings and loans company’s stock worth $1,958,000 after acquiring an additional 10,917 shares during the last quarter. 60.25% of the stock is owned by institutional investors.
Shares of NASDAQ:RVSB opened at $7.78 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.24. Riverview Bancorp has a one year low of $7.58 and a one year high of $9.99. The firm has a market capitalization of $184.90 million, a price-to-earnings ratio of 14.68 and a beta of 0.46.
Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Thursday, July 26th. The savings and loans company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. Riverview Bancorp had a net margin of 20.97% and a return on equity of 11.76%. The firm had revenue of $14.54 million during the quarter, compared to the consensus estimate of $13.60 million. On average, equities analysts expect that Riverview Bancorp will post 0.72 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 23rd. Stockholders of record on Friday, October 12th will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, October 11th. Riverview Bancorp’s dividend payout ratio is currently 26.42%.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.
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