Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) have been assigned a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.

Analysts have set a twelve-month consensus price target of $10.00 for the company and are predicting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also given Riverview Bancorp an industry rank of 96 out of 265 based on the ratings given to related companies.

Several research firms have recently commented on RVSB. Zacks Investment Research raised Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Friday. ValuEngine raised Riverview Bancorp from a “hold” rating to a “buy” rating in a report on Friday, October 27th.

In other Riverview Bancorp news, Director Gerald Lee Nies sold 30,778 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $8.58, for a total transaction of $264,075.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value of $105,240.00. Following the sale, the executive vice president now directly owns 14,477 shares of the company’s stock, 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.

Hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new position in Riverview Bancorp during the 3rd quarter worth $113,000. First Trust Advisors LP bought a new position in shares of Riverview Bancorp in the third quarter worth $139,000. Goldman Sachs Group Inc. increased its position in shares of Riverview Bancorp by 27.4% in the first quarter. Goldman Sachs Group Inc. now owns 18,776 shares of the savings and loans company’s stock worth $134,000 after purchasing an additional 4,038 shares during the period. Russell Investments Group Ltd. increased its position in shares of Riverview Bancorp by 50.0% in the third quarter. Russell Investments Group Ltd. now owns 19,200 shares of the savings and loans company’s stock worth $161,000 after purchasing an additional 6,400 shares during the period. Finally, Rhumbline Advisers bought a new position in shares of Riverview Bancorp in the second quarter worth $133,000. Hedge funds and other institutional investors own 58.71% of the company’s stock.

Shares of Riverview Bancorp (NASDAQ RVSB) traded up $0.21 on Monday, hitting $9.43. 65,504 shares of the stock traded hands, compared to its average volume of 90,862. The company has a market cap of $207.76, a PE ratio of 20.95 and a beta of 0.51. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.25. Riverview Bancorp has a one year low of $6.46 and a one year high of $9.54.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $13.44 million during the quarter, compared to the consensus estimate of $13.10 million. Riverview Bancorp had a return on equity of 8.63% and a net margin of 18.90%. equities research analysts forecast that Riverview Bancorp will post 0.47 EPS for the current year.

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About Riverview Bancorp

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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