Riverview Bancorp, Inc. (RVSB) Receives Average Recommendation of “Buy” from Analysts

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 stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.

Brokers have set a 12-month consensus target price of $10.00 for the company and are predicting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Riverview Bancorp an industry rank of 99 out of 256 based on the ratings given to related companies.

A number of research analysts have issued reports on the company. ValuEngine lowered Riverview Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research report on Wednesday, November 7th.

NASDAQ:RVSB traded down $0.05 on Friday, reaching $7.34. 25,324 shares of the company’s stock were exchanged, compared to its average volume of 20,375. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $167.91 million, a PE ratio of 13.85 and a beta of 0.62. Riverview Bancorp has a 52-week low of $5.46 and a 52-week high of $9.99.

Riverview Bancorp (NASDAQ:RVSB) last issued its earnings results on Thursday, October 25th. The savings and loans company reported $0.19 EPS for the quarter, topping the 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 company had revenue of $14.62 million during the quarter, compared to analyst estimates of $14.20 million. Analysts expect that Riverview Bancorp will post 0.75 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, January 7th. This is a positive change from Riverview Bancorp’s previous quarterly dividend of $0.04. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.18%. Riverview Bancorp’s payout ratio is 30.19%.

Institutional investors have recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC acquired a new position in Riverview Bancorp during the third quarter valued at approximately $128,000. Citadel Advisors LLC acquired a new position in Riverview Bancorp in the third quarter valued at approximately $144,000. John W. Rosenthal Capital Management Inc. acquired a new position in Riverview Bancorp in the third quarter valued at approximately $177,000. Acadian Asset Management LLC boosted its holdings in Riverview Bancorp by 14.9% in the third quarter. Acadian Asset Management LLC now owns 79,790 shares of the savings and loans company’s stock valued at $705,000 after purchasing an additional 10,319 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Riverview Bancorp by 48.4% in the third quarter. JPMorgan Chase & Co. now owns 112,074 shares of the savings and loans company’s stock valued at $990,000 after purchasing an additional 36,553 shares in the last quarter. 60.80% of the stock is currently owned by 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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