Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) have received 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.
Analysts have set a 1-year consensus target price of $10.00 for the company and are expecting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned Riverview Bancorp an industry rank of 163 out of 257 based on the ratings given to its competitors.
RVSB has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Friday, August 3rd. ValuEngine cut Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd.
A number of large investors have recently made changes to their positions in RVSB. Wells Fargo & Company MN raised its stake in Riverview Bancorp by 8.5% during the first quarter. Wells Fargo & Company MN now owns 111,862 shares of the savings and loans company’s stock valued at $1,045,000 after buying an additional 8,753 shares during the last quarter. BlackRock Inc. raised its stake in shares of Riverview Bancorp by 3.0% in the first quarter. BlackRock Inc. now owns 2,177,943 shares of the savings and loans company’s stock worth $20,344,000 after purchasing an additional 63,269 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Riverview Bancorp by 10.9% in the first quarter. JPMorgan Chase & Co. now owns 94,405 shares of the savings and loans company’s stock worth $882,000 after purchasing an additional 9,251 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Riverview Bancorp by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,520,545 shares of the savings and loans company’s stock worth $14,202,000 after purchasing an additional 67,465 shares during the last quarter. Finally, Bailard Inc. purchased a new position in shares of Riverview Bancorp in the second quarter worth $633,000. Institutional investors and hedge funds own 59.54% of the company’s stock.
Shares of RVSB traded down $0.06 on Friday, reaching $8.47. The stock had a trading volume of 5,122 shares, compared to its average volume of 34,112. The stock has a market cap of $187.39 million, a PE ratio of 15.97 and a beta of 0.52. 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 12-month low of $7.02 and a 12-month high of $9.99.
Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Thursday, October 25th. The savings and loans company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. The company had revenue of $14.62 million during the quarter, compared to analysts’ expectations of $14.20 million. Riverview Bancorp had a return on equity of 12.73% and a net margin of 22.54%. Equities analysts anticipate that Riverview Bancorp will post 0.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 23rd. Shareholders of record on Friday, October 12th were paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Thursday, October 11th. Riverview Bancorp’s payout ratio is 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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