Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) have earned a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.
Analysts have set a one year consensus price objective of $8.50 for the company and are forecasting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given Riverview Bancorp an industry rank of 56 out of 265 based on the ratings given to its competitors.
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A number of institutional investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its position in shares of Riverview Bancorp by 90.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 22,444 shares of the savings and loans company’s stock worth $157,000 after buying an additional 10,675 shares in the last quarter. Spark Investment Management LLC increased its position in shares of Riverview Bancorp by 111.8% in the third quarter. Spark Investment Management LLC now owns 23,300 shares of the savings and loans company’s stock worth $125,000 after buying an additional 12,300 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Riverview Bancorp by 123.1% in the third quarter. Wedbush Securities Inc. now owns 29,000 shares of the savings and loans company’s stock worth $156,000 after buying an additional 16,000 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Riverview Bancorp by 29.8% in the fourth quarter. Renaissance Technologies LLC now owns 96,300 shares of the savings and loans company’s stock worth $674,000 after buying an additional 22,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Riverview Bancorp by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,176,688 shares of the savings and loans company’s stock worth $8,237,000 after buying an additional 23,815 shares in the last quarter. Institutional investors and hedge funds own 54.99% of the company’s stock.
Shares of Riverview Bancorp (NASDAQ:RVSB) traded down 0.27% on Friday, reaching $7.34. 30,656 shares of the company’s stock traded hands. The firm has a market cap of $165.08 million, a P/E ratio of 24.47 and a beta of 0.67. The stock has a 50-day moving average of $7.43 and a 200 day moving average of $6.83. Riverview Bancorp has a 12-month low of $4.25 and a 12-month high of $8.16.
Riverview Bancorp (NASDAQ:RVSB) last announced its earnings results on Thursday, January 26th. The savings and loans company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. The business earned $10.84 million during the quarter, compared to the consensus estimate of $10.70 million. Riverview Bancorp had a net margin of 15.67% and a return on equity of 6.18%. On average, equities research analysts expect that Riverview Bancorp will post $0.33 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Tuesday, April 11th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, April 7th. This represents a $0.08 dividend on an annualized basis and a yield of 1.09%. Riverview Bancorp’s dividend payout ratio is presently 26.67%.
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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