Brokerages Anticipate Riverview Bancorp, Inc. (RVSB) to Post $0.17 Earnings Per Share

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

Analysts have set a 1 year consensus price objective of $10.00 for the company and are expecting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also given Riverview Bancorp an industry rank of 162 out of 255 based on the ratings given to its competitors.

A number of research analysts have commented on RVSB shares. ValuEngine downgraded Riverview Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research upgraded Riverview Bancorp from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Friday, August 3rd.

A number of hedge funds and other institutional investors have recently modified their holdings of RVSB. Wells Fargo & Company MN grew its stake in Riverview Bancorp by 8.5% in the first quarter. Wells Fargo & Company MN now owns 111,862 shares of the savings and loans company’s stock valued at $1,045,000 after purchasing an additional 8,753 shares in the last quarter. BlackRock Inc. grew its stake in Riverview Bancorp by 3.0% in the first quarter. BlackRock Inc. now owns 2,177,943 shares of the savings and loans company’s stock valued at $20,344,000 after purchasing an additional 63,269 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Riverview Bancorp by 10.9% in the first quarter. JPMorgan Chase & Co. now owns 94,405 shares of the savings and loans company’s stock valued at $882,000 after purchasing an additional 9,251 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Riverview Bancorp by 567.4% in the first quarter. New York State Common Retirement Fund now owns 58,067 shares of the savings and loans company’s stock worth $542,000 after buying an additional 49,367 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Riverview Bancorp by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,520,545 shares of the savings and loans company’s stock worth $14,202,000 after buying an additional 67,465 shares during the last quarter. Hedge funds and other institutional investors own 60.25% of the company’s stock.

Shares of RVSB stock traded down $0.12 on Thursday, reaching $8.65. 21,900 shares of the company’s stock traded hands, compared to its average volume of 46,297. Riverview Bancorp has a 12-month low of $7.83 and a 12-month high of $9.99. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $203.87 million, a price-to-earnings ratio of 16.60 and a beta of 0.42.

Riverview Bancorp (NASDAQ:RVSB) last issued its quarterly earnings results on Thursday, July 26th. The savings and loans company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. Riverview Bancorp had a return on equity of 11.76% and a net margin of 20.97%. The business had revenue of $14.54 million for the quarter, compared to the consensus estimate of $13.60 million. sell-side analysts predict that Riverview Bancorp will post 0.72 EPS for the current year.

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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