Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) have received a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.
Analysts have set a one year consensus price target of $9.00 for the company and are forecasting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Riverview Bancorp an industry rank of 177 out of 256 based on the ratings given to related companies.
RVSB has been the topic of several analyst reports. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. ValuEngine lowered Zymeworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th.
In other Riverview Bancorp news, Director Patricia Eby purchased 16,000 shares of the stock in a transaction on Monday, May 13th. The stock was acquired at an average price of $7.72 per share, with a total value of $123,520.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.20% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its holdings in shares of Riverview Bancorp by 501.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,498 shares of the savings and loans company’s stock worth $33,000 after purchasing an additional 3,750 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Riverview Bancorp during the first quarter worth about $76,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Riverview Bancorp during the second quarter worth about $160,000. Rhumbline Advisers lifted its holdings in shares of Riverview Bancorp by 44.8% during the fourth quarter. Rhumbline Advisers now owns 29,739 shares of the savings and loans company’s stock worth $216,000 after purchasing an additional 9,204 shares during the period. Finally, Globeflex Capital L P lifted its holdings in shares of Riverview Bancorp by 18.4% during the first quarter. Globeflex Capital L P now owns 32,208 shares of the savings and loans company’s stock worth $235,000 after purchasing an additional 5,008 shares during the period. 61.75% of the stock is owned by institutional investors and hedge funds.
RVSB traded down $0.05 on Friday, hitting $7.98. The company had a trading volume of 172 shares, compared to its average volume of 53,189. The company has a fifty day simple moving average of $8.16. Riverview Bancorp has a 12-month low of $5.46 and a 12-month high of $9.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $184.15 million, a PE ratio of 10.43 and a beta of 0.56.
Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Tuesday, April 30th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. Riverview Bancorp had a return on equity of 13.72% and a net margin of 28.32%. The company had revenue of $14.54 million for the quarter, compared to analyst estimates of $14.20 million. On average, research analysts forecast that Riverview Bancorp will post 0.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Friday, July 12th will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 2.26%. The ex-dividend date is Thursday, July 11th. Riverview Bancorp’s dividend payout ratio is presently 23.68%.
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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