Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) have been assigned a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.
Brokers have set a 12-month consensus price target of $10.00 for the company and are predicting 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 14 out of 265 based on the ratings given to related companies.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Thursday. ValuEngine upgraded Riverview Bancorp from a “hold” rating to a “buy” rating in a report on Friday, October 27th.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Riverview Bancorp had a return on equity of 8.63% and a net margin of 18.90%. The business had revenue of $13.44 million during the quarter, compared to the consensus estimate of $13.10 million. analysts predict that Riverview Bancorp will post 0.57 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Monday, January 8th were paid a $0.03 dividend. This is a positive change from Riverview Bancorp’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Friday, January 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.30%. Riverview Bancorp’s dividend payout ratio (DPR) is presently 27.27%.
In related news, EVP Richard S. Michalek sold 12,000 shares of the firm’s 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 sale, the executive vice president now owns 14,477 shares of the company’s stock, valued at $126,963.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gerald Lee Nies sold 30,778 shares of the firm’s 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 disclosure for this sale can be found here. Company insiders own 7.41% of the company’s stock.
A number of hedge funds have recently modified their holdings of RVSB. Dimensional Fund Advisors LP boosted its holdings in Riverview Bancorp by 9.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,375,235 shares of the savings and loans company’s stock worth $11,552,000 after acquiring an additional 115,285 shares in the last quarter. Banc Funds Co. LLC boosted its holdings in Riverview Bancorp by 44.5% in the second quarter. Banc Funds Co. LLC now owns 746,574 shares of the savings and loans company’s stock worth $4,957,000 after acquiring an additional 230,000 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Riverview Bancorp by 158.7% in the second quarter. Vanguard Group Inc. now owns 649,982 shares of the savings and loans company’s stock worth $4,316,000 after acquiring an additional 398,692 shares in the last quarter. State Street Corp boosted its holdings in Riverview Bancorp by 1,923.2% in the second quarter. State Street Corp now owns 231,349 shares of the savings and loans company’s stock worth $1,535,000 after acquiring an additional 219,914 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Riverview Bancorp by 323.1% in the second quarter. Northern Trust Corp now owns 215,829 shares of the savings and loans company’s stock worth $1,433,000 after acquiring an additional 164,823 shares in the last quarter. 58.62% of the stock is currently owned by institutional investors.
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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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