Analysts Set $10.00 Price Target for Riverview Bancorp, Inc. (RVSB)
Riverview Bancorp, Inc. (NASDAQ:RVSB) has earned an average broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating.
Brokers have set a 12-month consensus price objective of $10.00 for the company and are anticipating that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also given Riverview Bancorp an industry rank of 162 out of 255 based on the ratings given to related companies.
RVSB has been the subject of a number of recent research reports. ValuEngine lowered shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Friday, August 3rd.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings results on Thursday, July 26th. The savings and loans company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. Riverview Bancorp had a net margin of 20.97% and a return on equity of 11.76%. The company had revenue of $14.54 million during the quarter, compared to analyst estimates of $13.60 million. analysts predict that Riverview Bancorp will post 0.72 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Horizon Investment Services LLC purchased a new position in shares of Riverview Bancorp during the 1st quarter valued at approximately $441,000. New York State Common Retirement Fund increased its holdings in shares of Riverview Bancorp by 567.4% during the 1st quarter. New York State Common Retirement Fund now owns 58,067 shares of the savings and loans company’s stock valued at $542,000 after purchasing an additional 49,367 shares in the last quarter. Bailard Inc. purchased a new position in shares of Riverview Bancorp during the 2nd quarter valued at approximately $633,000. Maltese Capital Management LLC purchased a new position in shares of Riverview Bancorp during the 2nd quarter valued at approximately $717,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Riverview Bancorp by 10.9% during the 1st quarter. JPMorgan Chase & Co. now owns 94,405 shares of the savings and loans company’s stock valued at $882,000 after purchasing an additional 9,251 shares in the last quarter. 60.25% of the stock is owned by institutional investors.
About Riverview Bancorp
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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