Riverview Bancorp Inc (RVSB) Given Consensus Recommendation of “Buy” by Brokerages

Riverview Bancorp Inc (NASDAQ:RVSB) has earned a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.

Brokerages have set a 1-year consensus price target of $9.50 for the company and are expecting that the company will post $0.14 earnings per share 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.

Several analysts have recently weighed in on RVSB shares. ValuEngine downgraded Riverview Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research raised Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a report on Thursday, August 3rd.

In other Riverview Bancorp news, Director Gerald Lee Nies sold 30,778 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $8.58, for a total transaction of $264,075.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard S. Michalek sold 12,000 shares of the company’s stock in a transaction that occurred 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 $126,963.29. The disclosure for this sale can be found here. 7.41% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Context BH Capital Management LP raised its stake in 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 acquiring an additional 31,122 shares during the last quarter. Geode Capital Management LLC raised its stake in Riverview Bancorp by 222.2% during the 1st quarter. Geode Capital Management LLC now owns 169,305 shares of the savings and loans company’s stock valued at $1,210,000 after acquiring an additional 116,756 shares during the last quarter. Renaissance Technologies LLC raised its stake in Riverview Bancorp by 11.0% during the 1st quarter. Renaissance Technologies LLC now owns 106,900 shares of the savings and loans company’s stock valued at $764,000 after acquiring an additional 10,600 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Riverview Bancorp by 70.1% during the 1st quarter. Bank of New York Mellon Corp now owns 40,552 shares of the savings and loans company’s stock valued at $290,000 after acquiring an additional 16,718 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Riverview Bancorp by 230.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 62,084 shares of the savings and loans company’s stock valued at $412,000 after acquiring an additional 43,308 shares during the last quarter. 56.80% of the stock is owned by hedge funds and other institutional investors.

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Riverview Bancorp (RVSB) traded up $0.13 during trading on Wednesday, hitting $8.78. The stock had a trading volume of 78,679 shares, compared to its average volume of 92,054. Riverview Bancorp has a fifty-two week low of $5.69 and a fifty-two week high of $9.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $194.92, a P/E ratio of 19.66 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Riverview Bancorp had a return on equity of 8.63% and a net margin of 18.90%. The business had revenue of $13.44 million during the quarter, compared to the consensus estimate of $13.10 million. sell-side analysts forecast that Riverview Bancorp will post 0.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Friday, October 13th were paid a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a yield of 1.03%. The ex-dividend date was Thursday, October 12th. Riverview Bancorp’s dividend payout ratio is presently 20.46%.

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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