Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) have been assigned an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation.
Brokers have set a one year consensus price target of $9.00 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 171 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut Riverview Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, March 30th.
A number of large investors have recently modified their holdings of RVSB. Citadel Advisors LLC bought a new position in Riverview Bancorp during the 3rd quarter valued at $144,000. Rhumbline Advisers lifted its stake in Riverview Bancorp by 44.8% during the 4th quarter. Rhumbline Advisers now owns 29,739 shares of the savings and loans company’s stock valued at $216,000 after acquiring an additional 9,204 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Riverview Bancorp by 17.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 35,347 shares of the savings and loans company’s stock valued at $257,000 after acquiring an additional 5,250 shares in the last quarter. Granite Investment Partners LLC bought a new position in Riverview Bancorp during the 4th quarter valued at $378,000. Finally, Menta Capital LLC lifted its stake in Riverview Bancorp by 10.0% during the 4th quarter. Menta Capital LLC now owns 68,370 shares of the savings and loans company’s stock valued at $498,000 after acquiring an additional 6,206 shares in the last quarter. Institutional investors and hedge funds own 61.97% of the company’s stock.
Shares of RVSB traded up $0.01 during trading hours on Wednesday, reaching $7.57. The stock had a trading volume of 20,751 shares, compared to its average volume of 50,272. Riverview Bancorp has a 12 month low of $5.46 and a 12 month high of $9.99. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.50. The stock has a market cap of $170.01 million, a P/E ratio of 14.28 and a beta of 0.61.
Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Thursday, January 24th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. Riverview Bancorp had a return on equity of 13.19% and a net margin of 27.05%. The company had revenue of $14.46 million for the quarter, compared to analysts’ expectations of $14.50 million. On average, analysts expect that Riverview Bancorp will post 0.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Thursday, April 11th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, April 10th. Riverview Bancorp’s dividend payout ratio (DPR) is presently 30.19%.
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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