Riverview Bancorp, Inc. (NASDAQ:RVSB) has earned a consensus broker rating score of 2.00 (Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.
Analysts have set a 1 year consensus price target of $9.00 for the company and are predicting 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 175 out of 256 based on the ratings given to its competitors.
A number of brokerages recently issued reports on RVSB. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. ValuEngine lowered shares of Zymeworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th.
Shares of Riverview Bancorp stock traded up $0.14 on Friday, hitting $8.22. 31,000 shares of the company traded hands, compared to its average volume of 45,043. The stock’s 50-day moving average is $8.19. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95. Riverview Bancorp has a 12-month low of $5.46 and a 12-month high of $9.99. The company has a market cap of $182.77 million, a P/E ratio of 10.82 and a beta of 0.56.
Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Tuesday, April 30th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The firm had revenue of $14.54 million during the quarter, compared to analysts’ expectations of $14.20 million. Riverview Bancorp had a net margin of 28.32% and a return on equity of 13.72%. Equities analysts expect that Riverview Bancorp will post 0.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Friday, July 12th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, July 11th. Riverview Bancorp’s dividend payout ratio is 23.68%.
In other news, Director Patricia Eby bought 16,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was purchased at an average price of $7.72 per share, with a total value of $123,520.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.20% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in RVSB. BNP Paribas Arbitrage SA raised its position in shares of Riverview Bancorp by 501.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,498 shares of the savings and loans company’s stock valued at $33,000 after buying an additional 3,750 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Riverview Bancorp during the first quarter valued at about $76,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Riverview Bancorp during the second quarter valued at about $160,000. Rhumbline Advisers raised its position in shares of Riverview Bancorp by 44.8% during the fourth quarter. Rhumbline Advisers now owns 29,739 shares of the savings and loans company’s stock valued at $216,000 after buying an additional 9,204 shares during the last quarter. Finally, Globeflex Capital L P raised its position in shares of Riverview Bancorp by 18.4% during the first quarter. Globeflex Capital L P now owns 32,208 shares of the savings and loans company’s stock valued at $235,000 after buying an additional 5,008 shares during the last quarter. 61.75% of the stock is owned by hedge funds and other institutional investors.
About Riverview Bancorp
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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