Shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) have been assigned an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.
Analysts have set a one year consensus price objective of $10.00 for the company and are forecasting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Riverview Bancorp an industry rank of 157 out of 255 based on the ratings given to its competitors.
RVSB has been the subject of a number of research reports. Zacks Investment Research downgraded Riverview Bancorp from a “hold” rating to a “sell” rating in a report on Friday, May 11th. ValuEngine downgraded Riverview Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd.
A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC lifted its position in shares of Riverview Bancorp by 11.3% in the second quarter. Millennium Management LLC now owns 120,873 shares of the savings and loans company’s stock valued at $1,020,000 after buying an additional 12,273 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Riverview Bancorp by 19.0% in the second quarter. Bank of America Corp DE now owns 248,578 shares of the savings and loans company’s stock valued at $2,097,000 after buying an additional 39,651 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Riverview Bancorp by 32.3% in the second quarter. Renaissance Technologies LLC now owns 366,400 shares of the savings and loans company’s stock valued at $3,092,000 after buying an additional 89,400 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Riverview Bancorp by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,601,160 shares of the savings and loans company’s stock valued at $13,514,000 after buying an additional 80,615 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Riverview Bancorp by 12.4% in the second quarter. BlackRock Inc. now owns 2,447,476 shares of the savings and loans company’s stock valued at $20,656,000 after buying an additional 269,533 shares during the last quarter. Hedge funds and other institutional investors own 60.25% of the company’s stock.
NASDAQ:RVSB opened at $9.88 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $223.51 million, a P/E ratio of 18.64 and a beta of 0.42. Riverview Bancorp has a 52-week low of $7.65 and a 52-week high of $9.99.
Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, July 26th. The savings and loans company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. The business had revenue of $14.54 million during the quarter, compared to the consensus estimate of $13.60 million. Riverview Bancorp had a return on equity of 11.76% and a net margin of 20.97%. research analysts predict that Riverview Bancorp will post 0.72 earnings per share for the current year.
About Riverview Bancorp
Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services to small and medium size businesses, professionals, and individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.
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