Brokerages Anticipate Riverview Bancorp, Inc. (RVSB) to Announce $0.14 EPS

Riverview Bancorp, Inc. (NASDAQ:RVSB) has been given an average broker rating score of 2.00 (Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.

Analysts have set a 1-year consensus price objective of $10.00 for the company and are expecting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned Riverview Bancorp an industry rank of 13 out of 265 based on the ratings given to its competitors.

A number of equities analysts have issued reports on RVSB shares. Zacks Investment Research downgraded Riverview Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine upgraded Riverview Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th.

In other Riverview Bancorp news, Director Gerald Lee Nies sold 30,778 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $8.58, for a total transaction of $264,075.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard S. Michalek sold 12,000 shares of Riverview Bancorp stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $8.77, for a total transaction of $105,240.00. Following the completion of the transaction, the executive vice president now owns 14,477 shares of the company’s stock, valued at approximately $126,963.29. The disclosure for this sale can be found here. Company insiders own 7.41% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new stake in Riverview Bancorp during the 3rd quarter worth $113,000. First Trust Advisors LP acquired a new stake in Riverview Bancorp during the 3rd quarter worth $139,000. Russell Investments Group Ltd. grew its holdings in Riverview Bancorp by 50.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 19,200 shares of the savings and loans company’s stock worth $161,000 after acquiring an additional 6,400 shares during the period. Rhumbline Advisers acquired a new stake in Riverview Bancorp during the 2nd quarter worth $133,000. Finally, Nationwide Fund Advisors grew its holdings in shares of Riverview Bancorp by 278.8% in the 2nd quarter. Nationwide Fund Advisors now owns 22,013 shares of the savings and loans company’s stock valued at $146,000 after buying an additional 16,202 shares during the period. 58.61% of the stock is owned by institutional investors and hedge funds.

Shares of Riverview Bancorp (NASDAQ:RVSB) traded up $0.15 during midday trading on Thursday, hitting $8.60. The stock had a trading volume of 55,000 shares, compared to its average volume of 70,150. Riverview Bancorp has a 52 week low of $6.46 and a 52 week high of $9.54. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $190.41, a P/E ratio of 19.55 and a beta of 0.50.

Riverview Bancorp (NASDAQ:RVSB) last announced its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The firm had revenue of $13.44 million for the quarter, compared to analysts’ expectations of $13.10 million. Riverview Bancorp had a return on equity of 8.63% and a net margin of 18.90%. sell-side analysts expect that Riverview Bancorp will post 0.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Monday, January 8th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.40%. This is an increase from Riverview Bancorp’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, January 5th. Riverview Bancorp’s dividend payout ratio is presently 20.46%.

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Riverview Bancorp Company Profile

Riverview Bancorp, Inc (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp).

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