Riverview Bancorp, Inc. (RVSB) Receives Consensus Rating of “Buy” from Brokerages

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 analyst has rated the stock with a buy recommendation.

Brokerages have set a 1 year consensus target price of $9.00 for the company and are predicting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned Riverview Bancorp an industry rank of 162 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th.

RVSB stock traded down $0.07 during midday trading on Wednesday, reaching $7.51. 18,900 shares of the company’s stock traded hands, compared to its average volume of 37,285. The firm has a market capitalization of $171.14 million, a PE ratio of 14.17 and a beta of 0.61. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.50. Riverview Bancorp has a 52 week low of $5.46 and a 52 week high of $9.99.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings results on Thursday, January 24th. The savings and loans company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. The business had revenue of $14.46 million during the quarter, compared to analyst estimates of $14.50 million. Riverview Bancorp had a net margin of 27.05% and a return on equity of 13.19%. On average, equities analysts predict that Riverview Bancorp will post 0.75 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Thursday, April 11th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Wednesday, April 10th. Riverview Bancorp’s dividend payout ratio is 30.19%.

A number of institutional investors and hedge funds have recently bought and sold shares of RVSB. JPMorgan Chase & Co. boosted its holdings in Riverview Bancorp by 48.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,074 shares of the savings and loans company’s stock worth $990,000 after acquiring an additional 36,553 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Riverview Bancorp by 3.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,654,765 shares of the savings and loans company’s stock worth $14,628,000 after acquiring an additional 53,605 shares during the last quarter. Citadel Advisors LLC purchased a new position in Riverview Bancorp during the 3rd quarter worth $144,000. Renaissance Technologies LLC boosted its holdings in Riverview Bancorp by 9.0% during the 3rd quarter. Renaissance Technologies LLC now owns 399,207 shares of the savings and loans company’s stock worth $3,529,000 after acquiring an additional 32,807 shares during the last quarter. Finally, Maltese Capital Management LLC boosted its holdings in Riverview Bancorp by 171.5% during the 3rd quarter. Maltese Capital Management LLC now owns 230,800 shares of the savings and loans company’s stock worth $2,040,000 after acquiring an additional 145,800 shares during the last quarter. 61.97% of the stock is currently owned by hedge funds and other institutional investors.

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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