Riverview Bancorp, Inc. (NASDAQ:RVSB) has received a consensus broker rating score of 2.00 (Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating. Riverview Bancorp’s rating score has improved by 33.3% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus price target of $6.00 for the company and are expecting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Riverview Bancorp an industry rank of 102 out of 265 based on the ratings given to related companies.
Several brokerages have issued reports on RVSB. Zacks Investment Research raised shares of Riverview Bancorp from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Wednesday, October 5th. Raymond James Financial Inc. raised shares of Riverview Bancorp from a “market perform” rating to an “outperform” rating and set a $6.00 price target on the stock in a report on Friday, September 30th.
Shares of Riverview Bancorp (NASDAQ:RVSB) opened at 5.60 on Tuesday. The firm has a market capitalization of $125.82 million, a P/E ratio of 19.44 and a beta of 0.28. The firm’s 50-day moving average price is $5.29 and its 200 day moving average price is $4.84. Riverview Bancorp has a 12 month low of $4.15 and a 12 month high of $5.75.
Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Riverview Bancorp had a net margin of 15.76% and a return on equity of 5.99%. Analysts anticipate that Riverview Bancorp will post $0.30 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Friday, October 14th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Wednesday, October 12th. Riverview Bancorp’s payout ratio is 27.59%.
A number of large investors have recently added to or reduced their stakes in RVSB. PL Capital Advisors LLC purchased a new stake in Riverview Bancorp during the second quarter worth $3,385,000. Maltese Capital Management LLC raised its stake in Riverview Bancorp by 2.1% in the second quarter. Maltese Capital Management LLC now owns 643,700 shares of the company’s stock worth $3,045,000 after buying an additional 13,300 shares during the last quarter. Alliancebernstein L.P. raised its stake in Riverview Bancorp by 7.9% in the second quarter. Alliancebernstein L.P. now owns 468,203 shares of the company’s stock worth $2,215,000 after buying an additional 34,270 shares during the last quarter. BlackRock Fund Advisors raised its stake in Riverview Bancorp by 7.4% in the second quarter. BlackRock Fund Advisors now owns 63,459 shares of the company’s stock worth $300,000 after buying an additional 4,352 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Riverview Bancorp by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 22,762 shares of the company’s stock worth $108,000 after buying an additional 820 shares during the last quarter. 51.38% of the stock is owned by institutional investors and hedge funds.
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).