Riverview Bancorp, Inc. (NASDAQ:RVSB) has received a consensus broker rating score of 2.00 (Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.
Brokerages have set a twelve-month consensus price objective of $9.00 for the company and are forecasting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also given Riverview Bancorp an industry rank of 52 out of 255 based on the ratings given to related companies.
Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. ValuEngine upgraded shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 29th.
Institutional investors and hedge funds have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Riverview Bancorp during the third quarter worth $128,000. Citadel Advisors LLC acquired a new stake in shares of Riverview Bancorp during the third quarter worth $144,000. John W. Rosenthal Capital Management Inc. acquired a new stake in shares of Riverview Bancorp during the third quarter worth $177,000. Rhumbline Advisers increased its position 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 buying an additional 9,204 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Riverview Bancorp by 17.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 35,347 shares of the savings and loans company’s stock worth $257,000 after buying an additional 5,250 shares during the period. Institutional investors own 60.86% of the company’s stock.
NASDAQ RVSB traded up $0.03 on Monday, hitting $7.47. The company’s stock had a trading volume of 13,300 shares, compared to its average volume of 27,029. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88. 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 $168.81 million, a P/E ratio of 14.15 and a beta of 0.65.
Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Thursday, January 24th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Riverview Bancorp had a net margin of 27.05% and a return on equity of 13.42%. The firm had revenue of $14.46 million during the quarter, compared to analysts’ expectations of $14.50 million. Analysts predict that Riverview Bancorp will post 0.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, January 7th. This is a boost from Riverview Bancorp’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a dividend yield of 2.14%. Riverview Bancorp’s dividend payout ratio is 30.19%.
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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