Zacks: Riverview Bancorp, Inc. (RVSB) Given Consensus Rating of “Buy” by Analysts

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.

In related news, Director Gerald Lee Nies sold 30,778 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $8.58, for a total value of $264,075.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Richard S. Michalek sold 12,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $8.77, for a total transaction of $105,240.00. Following the completion of the sale, the executive vice president now directly owns 14,477 shares in the company, valued at $126,963.29. The disclosure for this sale can be found here. Corporate insiders own 7.41% of the company’s stock.

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%.

TRADEMARK VIOLATION WARNING: “Zacks: Riverview Bancorp, Inc. (RVSB) Given Consensus Rating of “Buy” by Analysts” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2018/01/19/zacks-riverview-bancorp-inc-rvsb-given-consensus-rating-of-buy-by-analysts.html.

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).

Get a free copy of the Zacks research report on Riverview Bancorp (RVSB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Riverview Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Riverview Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply