Zacks: Riverview Bancorp Inc (RVSB) Given Average Recommendation of “Buy” by Analysts
Riverview Bancorp Inc (NASDAQ:RVSB) has earned a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.
Brokers have set a 12 month consensus price target of $9.50 for the company and are predicting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned Riverview Bancorp an industry rank of 114 out of 265 based on the ratings given to its competitors.
Several research analysts have recently weighed in on RVSB shares. Zacks Investment Research raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Wednesday, August 16th. ValuEngine raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, October 27th.
Riverview Bancorp (NASDAQ:RVSB) last released its earnings results on Thursday, October 26th. The savings and loans company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Riverview Bancorp had a net margin of 18.90% and a return on equity of 8.63%. The business had revenue of $13.44 million for the quarter, compared to the consensus estimate of $13.10 million. analysts predict that Riverview Bancorp will post 0.55 earnings per share for the current fiscal year.
In related news, EVP Richard S. Michalek sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $8.77, for a total transaction of $105,240.00. Following the transaction, the executive vice president now directly owns 14,477 shares of the company’s stock, valued at $126,963.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Lee Nies sold 30,778 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $8.58, for a total transaction of $264,075.24. The disclosure for this sale can be found here. Insiders own 7.41% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in RVSB. Janney Montgomery Scott LLC bought a new stake in Riverview Bancorp in the third quarter worth approximately $113,000. Rhumbline Advisers bought a new stake in Riverview Bancorp in the second quarter worth approximately $133,000. Goldman Sachs Group Inc. grew its position in Riverview Bancorp by 27.4% in the first quarter. Goldman Sachs Group Inc. now owns 18,776 shares of the savings and loans company’s stock worth $134,000 after acquiring an additional 4,038 shares in the last quarter. First Trust Advisors LP bought a new stake in Riverview Bancorp in the third quarter worth approximately $139,000. Finally, Nationwide Fund Advisors grew its position in Riverview Bancorp by 278.8% in the second quarter. Nationwide Fund Advisors now owns 22,013 shares of the savings and loans company’s stock worth $146,000 after acquiring an additional 16,202 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
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