Riverview Bancorp Inc (RVSB) Lowered to “Hold” at ValuEngine
ValuEngine cut shares of Riverview Bancorp Inc (NASDAQ:RVSB) from a buy rating to a hold rating in a research note issued to investors on Friday.
Separately, Zacks Investment Research raised Riverview Bancorp from a sell rating to a hold rating in a research note on Wednesday, July 5th.
Shares of Riverview Bancorp (NASDAQ:RVSB) opened at 7.59 on Friday. The firm has a market capitalization of $170.81 million, a PE ratio of 20.51 and a beta of 0.27. The company’s 50 day moving average is $6.95 and its 200 day moving average is $7.24. Riverview Bancorp has a 12-month low of $4.77 and a 12-month high of $8.16.
Riverview Bancorp (NASDAQ:RVSB) last posted its earnings results on Tuesday, July 25th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Riverview Bancorp had a return on equity of 7.56% and a net margin of 17.19%. The business had revenue of $13.17 million during the quarter, compared to analysts’ expectations of $13.20 million. On average, analysts forecast that Riverview Bancorp will post $0.50 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, July 14th were paid a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a yield of 1.19%. This is a boost from Riverview Bancorp’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Wednesday, July 12th. Riverview Bancorp’s dividend payout ratio is presently 24.32%.
In related news, Director Ancora Advisors, Llc sold 900,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $6.50, for a total transaction of $5,850,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.41% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of RVSB. Thomson Horstmann & Bryant Inc. purchased a new position in shares of Riverview Bancorp during the first quarter worth about $1,864,000. Deprince Race & Zollo Inc. raised its position in shares of Riverview Bancorp by 13.2% in the first quarter. Deprince Race & Zollo Inc. now owns 1,082,621 shares of the savings and loans company’s stock worth $7,741,000 after buying an additional 125,869 shares during the period. Stifel Financial Corp raised its position in shares of Riverview Bancorp by 163.4% in the first quarter. Stifel Financial Corp now owns 189,506 shares of the savings and loans company’s stock worth $1,357,000 after buying an additional 117,560 shares during the period. Geode Capital Management LLC raised its position in shares of Riverview Bancorp by 222.2% in the first quarter. Geode Capital Management LLC now owns 169,305 shares of the savings and loans company’s stock worth $1,210,000 after buying an additional 116,756 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Riverview Bancorp during the first quarter worth about $484,000. 54.87% of the stock is owned by institutional investors.
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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