Riverview Bancorp, Inc. (NASDAQ:RVSB) has been given a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.
Brokerages have set a one year consensus price objective of $10.00 for the company and are anticipating that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also given Riverview Bancorp an industry rank of 107 out of 256 based on the ratings given to related companies.
Several analysts have issued reports on the company. Zacks Investment Research cut Riverview Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised Riverview Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 29th.
Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Thursday, October 25th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Riverview Bancorp had a return on equity of 12.61% and a net margin of 22.54%. The firm had revenue of $14.62 million for the quarter, compared to analysts’ expectations of $14.20 million. Equities analysts forecast that Riverview Bancorp will post 0.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 8th will be paid a dividend of $0.04 per share. This is a boost from Riverview Bancorp’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Monday, January 7th. This represents a $0.16 dividend on an annualized basis and a yield of 2.11%. Riverview Bancorp’s dividend payout ratio (DPR) is currently 30.19%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Riverview Bancorp in the third quarter valued at approximately $128,000. Citadel Advisors LLC bought a new stake in Riverview Bancorp in the 3rd quarter valued at $144,000. John W. Rosenthal Capital Management Inc. bought a new stake in Riverview Bancorp in the 3rd quarter valued at $177,000. Acadian Asset Management LLC lifted its position in Riverview Bancorp by 14.9% in the 3rd quarter. Acadian Asset Management LLC now owns 79,790 shares of the savings and loans company’s stock valued at $705,000 after acquiring an additional 10,319 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Riverview Bancorp by 48.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,074 shares of the savings and loans company’s stock valued at $990,000 after acquiring an additional 36,553 shares in the last quarter. Hedge funds and other institutional investors own 60.80% of the company’s stock.
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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