Riverview Bancorp, Inc. (NASDAQ:RVSB) has been given a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating.
Analysts have set a 1 year consensus target price of $10.00 for the company and are forecasting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also given Riverview Bancorp an industry rank of 16 out of 265 based on the ratings given to its competitors.
Several analysts have recently issued reports on the stock. ValuEngine cut shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Zacks Investment Research upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Thursday, November 2nd.
A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Riverview Bancorp by 9.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,375,235 shares of the savings and loans company’s stock worth $11,552,000 after purchasing an additional 115,285 shares during the period. Banc Funds Co. LLC raised its position in Riverview Bancorp by 44.5% in the 2nd quarter. Banc Funds Co. LLC now owns 746,574 shares of the savings and loans company’s stock worth $4,957,000 after purchasing an additional 230,000 shares during the period. Vanguard Group Inc. raised its position in Riverview Bancorp by 158.7% in the 2nd quarter. Vanguard Group Inc. now owns 649,982 shares of the savings and loans company’s stock worth $4,316,000 after purchasing an additional 398,692 shares during the period. State Street Corp raised its position in Riverview Bancorp by 1,923.2% in the 2nd quarter. State Street Corp now owns 231,349 shares of the savings and loans company’s stock worth $1,535,000 after purchasing an additional 219,914 shares during the period. Finally, Northern Trust Corp raised its position in Riverview Bancorp by 323.1% in the 2nd quarter. Northern Trust Corp now owns 215,829 shares of the savings and loans company’s stock worth $1,433,000 after purchasing an additional 164,823 shares during the period. 58.71% of the stock is currently owned by institutional investors.
Shares of Riverview Bancorp (RVSB) traded down $0.17 during midday trading on Friday, hitting $9.18. 74,800 shares of the stock traded hands, compared to its average volume of 66,208. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $210.69, a PE ratio of 20.86 and a beta of 0.50. Riverview Bancorp has a 52-week low of $6.46 and a 52-week high of $9.54.
Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, October 26th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The firm had revenue of $13.44 million for the quarter, compared to analysts’ expectations of $13.10 million. Riverview Bancorp had a net margin of 18.90% and a return on equity of 8.63%. equities analysts forecast that Riverview Bancorp will post 0.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Monday, January 8th will be given a $0.03 dividend. This is a positive change from Riverview Bancorp’s previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Friday, January 5th. Riverview Bancorp’s dividend payout ratio is 27.27%.
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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