Riverview Bancorp Inc. (RVSB) Given Consensus Rating of “Buy” by Analysts
Riverview Bancorp Inc. (NASDAQ:RVSB) has been assigned an average broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating. Riverview Bancorp’s rating score has improved by 33.3% in the last 90 days as a result of various analysts’ ratings changes.
Brokers have set a 12 month consensus price target of $6.00 for the company and are anticipating that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also given Riverview Bancorp an industry rank of 103 out of 265 based on the ratings given to its competitors.
Several brokerages have recently weighed in on RVSB. Zacks Investment Research upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Wednesday, October 5th. Raymond James Financial Inc. upgraded shares of Riverview Bancorp from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a research report on Friday, September 30th.
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A number of hedge funds have recently added to or reduced their stakes in RVSB. PL Capital Advisors LLC acquired a new stake in Riverview Bancorp during the second quarter valued at approximately $3,385,000. Maltese Capital Management LLC increased its stake in Riverview Bancorp by 2.1% in the second quarter. Maltese Capital Management LLC now owns 643,700 shares of the company’s stock valued at $3,045,000 after buying an additional 13,300 shares during the period. Alliancebernstein L.P. increased its stake in Riverview Bancorp by 7.9% in the second quarter. Alliancebernstein L.P. now owns 468,203 shares of the company’s stock valued at $2,215,000 after buying an additional 34,270 shares during the period. BlackRock Fund Advisors increased its stake in Riverview Bancorp by 7.4% in the second quarter. BlackRock Fund Advisors now owns 63,459 shares of the company’s stock valued at $300,000 after buying an additional 4,352 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Riverview Bancorp by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 22,762 shares of the company’s stock valued at $108,000 after buying an additional 820 shares during the period. Hedge funds and other institutional investors own 51.38% of the company’s stock.
Riverview Bancorp (NASDAQ:RVSB) traded up 1.08% during mid-day trading on Tuesday, reaching $5.63. 9,482 shares of the company traded hands. The firm has a market capitalization of $126.49 million, a price-to-earnings ratio of 19.55 and a beta of 0.28. The stock’s 50 day moving average price is $5.26 and its 200 day moving average price is $4.83. Riverview Bancorp has a 52 week low of $4.15 and a 52 week high of $5.67.
Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Riverview Bancorp had a net margin of 15.76% and a return on equity of 5.99%. Equities analysts forecast that Riverview Bancorp will post $0.30 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Friday, October 14th will be given a $0.02 dividend. The ex-dividend date is Wednesday, October 12th. This represents a $0.08 annualized dividend and a yield of 1.44%. Riverview Bancorp’s dividend payout ratio (DPR) is 27.59%.
About Riverview Bancorp
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Bank is engaged primarily in the business of attracting deposits from the general public and using such funds, together with other borrowings, to invest in various commercial business, commercial real estate, multi-family real estate, real estate construction, residential real estate and consumer loans.
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