Riverview Bancorp, Inc. (RVSB) Given Average Recommendation of “Buy” by Brokerages

Riverview Bancorp, Inc. (NASDAQ:RVSB) has been assigned 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 rating.

Brokers have set a 12-month consensus price target of $10.00 for the company and are anticipating that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also given Riverview Bancorp an industry rank of 177 out of 255 based on the ratings given to its competitors.

A number of equities research analysts have recently issued reports on the stock. Raymond James cut their price objective on shares of Riverview Bancorp to $10.50 and set an “outperform” rating for the company in a research note on Tuesday, May 8th. ValuEngine cut shares of Riverview Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Zacks Investment Research raised shares of Riverview Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th.



Institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. boosted its position in Riverview Bancorp by 249.7% during the 4th quarter. Macquarie Group Ltd. now owns 13,289 shares of the savings and loans company’s stock valued at $115,000 after buying an additional 9,489 shares during the period. Kennedy Capital Management Inc. bought a new position in Riverview Bancorp in the 4th quarter worth $176,000. Two Sigma Advisers LP raised its holdings in Riverview Bancorp by 27.8% in the 4th quarter. Two Sigma Advisers LP now owns 34,500 shares of the savings and loans company’s stock worth $299,000 after purchasing an additional 7,500 shares in the last quarter. Algert Global LLC bought a new position in Riverview Bancorp in the 1st quarter worth $326,000. Finally, First Trust Advisors LP raised its holdings in Riverview Bancorp by 177.5% in the 4th quarter. First Trust Advisors LP now owns 45,927 shares of the savings and loans company’s stock worth $398,000 after purchasing an additional 29,377 shares in the last quarter. 59.79% of the stock is owned by institutional investors.

Riverview Bancorp traded up $0.08, reaching $8.86, during midday trading on Friday, MarketBeat.com reports. The company had a trading volume of 308 shares, compared to its average volume of 46,163. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.85 and a quick ratio of 0.85. Riverview Bancorp has a 1 year low of $6.47 and a 1 year high of $9.75. The stock has a market cap of $196.81 million, a PE ratio of 16.57 and a beta of 0.32.

Riverview Bancorp (NASDAQ:RVSB) last released its quarterly earnings results on Thursday, April 26th. The savings and loans company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). Riverview Bancorp had a return on equity of 10.37% and a net margin of 18.30%. The company had revenue of $13.32 million during the quarter, compared to analysts’ expectations of $14.00 million. research analysts expect that Riverview Bancorp will post 0.65 EPS for the current fiscal year.

Riverview Bancorp Company Profile

Riverview Bancorp, Inc operates as the holding company for Riverview Community Bank that provides community banking services in the United States. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, regular savings accounts, certificates of deposit, and retirement savings plans.

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