Riverview Bancorp, Inc. (NASDAQ:RVSB) has earned an average 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 recommendation.
Brokers have set a 1-year consensus target price of $9.00 for the company and are predicting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given Riverview Bancorp an industry rank of 175 out of 256 based on the ratings given to its competitors.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. ValuEngine cut shares of Zymeworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th.
In other news, Director Patricia Eby acquired 16,000 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were purchased at an average cost of $7.72 per share, with a total value of $123,520.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.20% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Riverview Bancorp by 4.8% during the fourth quarter. BlackRock Inc. now owns 2,554,519 shares of the savings and loans company’s stock valued at $18,598,000 after purchasing an additional 117,129 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Riverview Bancorp during the fourth quarter valued at approximately $553,000. Pacific Ridge Capital Partners LLC grew its stake in shares of Riverview Bancorp by 20.2% during the first quarter. Pacific Ridge Capital Partners LLC now owns 427,244 shares of the savings and loans company’s stock valued at $3,123,000 after purchasing an additional 71,939 shares during the last quarter. LSV Asset Management bought a new stake in shares of Riverview Bancorp during the first quarter valued at approximately $428,000. Finally, Granite Investment Partners LLC bought a new stake in shares of Riverview Bancorp during the fourth quarter valued at approximately $378,000. 61.75% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:RVSB traded up $0.14 during mid-day trading on Friday, hitting $8.22. The company’s stock had a trading volume of 31,000 shares, compared to its average volume of 45,043. Riverview Bancorp has a fifty-two week low of $5.46 and a fifty-two week 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 firm has a market cap of $182.77 million, a P/E ratio of 10.82 and a beta of 0.56. The company has a fifty day simple moving average of $8.19.
Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings data on Tuesday, April 30th. The savings and loans company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The firm had revenue of $14.54 million for the quarter, compared to analysts’ expectations of $14.20 million. Riverview Bancorp had a net margin of 28.32% and a return on equity of 13.72%. Sell-side analysts expect that Riverview Bancorp will post 0.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Friday, July 12th will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.18 annualized dividend and a yield of 2.19%. Riverview Bancorp’s dividend payout ratio is 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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