Riverview Bancorp Inc (RVSB) Given $9.50 Average Target Price by Analysts
Shares of Riverview Bancorp Inc (NASDAQ:RVSB) have been given a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.
Analysts have set a 1-year consensus price target of $9.50 for the company and are forecasting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned Riverview Bancorp an industry rank of 107 out of 265 based on the ratings given to related companies.
RVSB has been the topic of several research reports. ValuEngine cut shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research report on Thursday, August 3rd.
Riverview Bancorp (NASDAQ RVSB) traded up $0.03 during midday trading on Wednesday, reaching $8.65. 84,098 shares of the company’s stock traded hands, compared to its average volume of 64,898. Riverview Bancorp has a fifty-two week low of $5.69 and a fifty-two week high of $9.05. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.25. The stock has a market cap of $194.92, a PE ratio of 19.23 and a beta of 0.51.
Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Thursday, October 26th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Riverview Bancorp had a net margin of 18.90% and a return on equity of 8.63%. The business had revenue of $13.44 million for the quarter, compared to analysts’ expectations of $13.10 million. analysts forecast that Riverview Bancorp will post 0.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Friday, October 13th were given a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Thursday, October 12th. Riverview Bancorp’s dividend payout ratio (DPR) is currently 20.93%.
In other news, Director Gerald Lee Nies sold 30,778 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $8.58, for a total transaction of $264,075.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Richard S. Michalek sold 12,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $8.77, for a total transaction of $105,240.00. Following the sale, the executive vice president now owns 14,477 shares in the company, valued at approximately $126,963.29. The disclosure for this sale can be found here. Company insiders own 7.41% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Context BH Capital Management LP raised its position in shares of Riverview Bancorp by 116.9% during the 2nd quarter. Context BH Capital Management LP now owns 57,739 shares of the savings and loans company’s stock valued at $383,000 after buying an additional 31,122 shares in the last quarter. Geode Capital Management LLC raised its position in Riverview Bancorp by 222.2% in the 1st quarter. Geode Capital Management LLC now owns 169,305 shares of the savings and loans company’s stock worth $1,210,000 after purchasing an additional 116,756 shares during the period. Renaissance Technologies LLC raised its position in Riverview Bancorp by 11.0% in the 1st quarter. Renaissance Technologies LLC now owns 106,900 shares of the savings and loans company’s stock worth $764,000 after purchasing an additional 10,600 shares during the period. Bank of New York Mellon Corp raised its position in Riverview Bancorp by 70.1% in the 1st quarter. Bank of New York Mellon Corp now owns 40,552 shares of the savings and loans company’s stock worth $290,000 after purchasing an additional 16,718 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Riverview Bancorp by 230.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 62,084 shares of the savings and loans company’s stock worth $412,000 after purchasing an additional 43,308 shares during the period. Hedge funds and other institutional investors own 56.10% of the company’s stock.
Riverview Bancorp Company Profile
Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).
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