Riverview Bancorp, Inc. (NASDAQ:RVSB) has received an average broker rating score of 2.00 (Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.
Brokers have set a one year consensus price objective of $9.00 for the company and are expecting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned Riverview Bancorp an industry rank of 77 out of 256 based on the ratings given to related companies.
RVSB has been the subject of a number of research reports. Zacks Investment Research raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Thursday, May 9th. ValuEngine upgraded shares of Riverview Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st.
Several large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Riverview Bancorp by 4.8% in the 4th quarter. BlackRock Inc. now owns 2,554,519 shares of the savings and loans company’s stock valued at $18,598,000 after buying an additional 117,129 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Riverview Bancorp by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,737,713 shares of the savings and loans company’s stock worth $12,703,000 after purchasing an additional 45,503 shares during the period. Deprince Race & Zollo Inc. increased its position in shares of Riverview Bancorp by 1.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,236,102 shares of the savings and loans company’s stock worth $8,999,000 after purchasing an additional 15,648 shares during the period. Pacific Ridge Capital Partners LLC increased its position in shares of Riverview Bancorp by 20.2% in the first quarter. Pacific Ridge Capital Partners LLC now owns 427,244 shares of the savings and loans company’s stock worth $3,123,000 after purchasing an additional 71,939 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Riverview Bancorp by 1.4% in the first quarter. Renaissance Technologies LLC now owns 418,007 shares of the savings and loans company’s stock worth $3,056,000 after purchasing an additional 5,900 shares during the period. Institutional investors and hedge funds own 61.24% of the company’s stock.
RVSB traded up $0.06 on Friday, reaching $7.82. The company had a trading volume of 930 shares, compared to its average volume of 37,024. Riverview Bancorp has a 1 year low of $5.46 and a 1 year high of $9.99. The stock has a market cap of $172.50 million, a PE ratio of 10.25 and a beta of 0.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.92 and a quick ratio of 0.92.
Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Tuesday, April 30th. The savings and loans company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Riverview Bancorp had a net margin of 28.32% and a return on equity of 13.99%. The firm had revenue of $14.54 million during the quarter, compared to analysts’ expectations of $14.20 million. As a group, equities analysts expect that Riverview Bancorp will post 0.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Thursday, April 11th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $0.16 dividend on an annualized basis and a yield of 2.05%. Riverview Bancorp’s payout ratio is presently 21.05%.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.
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